MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, June 8, 2021 A $2.06T-AUM AM Adds a Two Focused ESG Funds The team at the U.S. arm of a $2.06-trillion-AUM (as of March 31), publicly traded, multinational asset manager has rolled out a pair of new ESG funds.
Both funds come in A shares, C shares, and Y shares (tickers SUGAX, SUGCX, and SUGYX for the growth fund, and tickers PGSVBX, GBVCX, and PSUYX for the value fund. Both funds are advised by Amundi U.S. and PMed by Amundi U.S.'s Brian Chen, John Peckham, and Jeff Sacknowitz. Both funds costs 70 basis points for Y shares, 175 bps for C shares (plus up to 100 bps in deferred load), and 100 bps for A shares (plus up to 575 bps in upfront load). Amundi Distributor US, Inc. is the principal underwriter and distributor for the new funds. SS&C's DST Asset Manager Solutions, Inc. handles shareholder servicing and serves as the transfer agent. BBH is the custodian and administrator, though it's handing those duties over to BNY Mellon in Q4 2021. Ernst & Young LLP serves as the independent accounting firm. Pirondini notes that Amundi U.S.'s equity research and global equity teams, both in Boston, are among those supporting the new funds. And of Amundi's $2.06 trillion in AUM worldwide, they estimate that $828 billion is in "responsible investments." "Our view is that companies with innovative business strategies and strong or improving ESG profiles should continue to play an important role in investor portfolios," Pirondini states. Printed from: MFWire.com/story.asp?s=62981 Copyright 2021, InvestmentWires, Inc. All Rights Reserved |
