ArmInfo. The average annual return on assets by type of funds managed by RF Amundi-AKBA Asset Management is at a fairly high level - within 8.7-9.1% (from the moment of creation).
This was reported to ArmInfo by the RF press service, noting that the outbreak of coronavirus worldwide had a negative impact on financial markets, having most strongly affected the global stock market, where the decline for the first quarter of 2020 was 20-25% for individual indices. According to the source, at the end of March 2020, the total assets of funds managed by Amundi-ACBA Asset Management RF amounted to about 136 billion drams. The investment portfolio of funds is directly or indirectly diversified both by type of financial instrument, denominated in different currencies, and by country.
Deputy Director and Fund Manager of RF "Amundi-ACBA Asset Management" Hrayr Aslanyan stated that the trend noted on the world stock market could not but have a negative impact on those pension funds of Armenia, some of whose assets were invested in shares. "But thanks to our actions, the recession turned out to be quite restrained. The activity of RF" Amundi-ACBA Asset Management "over the history of managing pension funds in Armenia indicates that there have been short-term periods over the past 6 years during which the funds recorded negative results, but for this has always been followed by longer periods of growth. When managing funds, Amundi-ACBA Asset Management RF is guided by the interests of its participants, taking advantage of the technical support and expertise provided by the French company Amundi, " he amethil.
It should be noted that Amundi-AKBA Asset Management CJSC, registered with the Central Bank of the Republic of Armenia on November 19, 2013, works within the framework of the mandatory funded pension system introduced in Armenia from January 1, 2014. According to the results of the I quarter of 2020, the structure of Amundi-AKBA Asset Management assets by managed funds looks as follows: conservative - 97%, balanced - 2%, stable income - 1%. Amundi-ACBA Asset Management RF shareholders are the French company Amundi Asset Management with a 51% share and ACBA-Credit Agricole Bank - 49%.
