RL360 Performance fees - Amunid funds

Generic Links

Welcome to RL360's

dedicated financial adviser website

For financial advisers only

Not to be distributed to, or relied on by, retail clients

Performance fees - Amundi funds

The Directors of the Amundi Fund range have announced the implementation of a performance fee for AU and AE classes of shares for several funds within their current fund range.

Impacts on
these products

Of the funds affected by the addition of the performance fee, only one which is currently available in the Quantum , Oracle and Paragon guided fund range (The Amundi Greater China fund) is affected. 


How and when will the fee be applied? 

With effect from 3 June 2013, the investment manager will be entitled to receive a performance fee equal to 20% of the amount by which the funds AU and AE share classes outperform the MSCI AC Golden Dragon index. The observation period for calculation purpose begins on December 1 and ends on November 30 each year and, the first observation period will start on 3 June 2013 on the basis of the NAV dated 31 May 2013 and will end on 30 November 2013. 


Letters have been issued to affected policyholders or their appointed investment adviser, advising them of the Amundi Directors decision. A copy has been sent to their servicing adviser for information. 


The full list of the fund managers notifications and sample letters can be viewed opposite.