Amundi Funds
Equity Brazil
1 . This is an equity fund.
2 . Investing in this fund may expose investors to market, liquidity, volatility, exchange and developing countries risks as well as to risk of small and medium companies. Share price and currency volatility are
generally higher in developing markets. The use of financial derivative instruments for hedging and efficient portfolio management purposes may lead to exposure to credit risk of the issuer.
3 . The investment focus of the fund might give rise to increased risk over more diversified funds.
4 . The value of the fund can be extremely volatile and could go down substantially within a short period of time. It is possible that your investment value could suffer substantial loss.
5 . The investment decision is yours, but you should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained why including how
buying it would be consistent with your investment objective.
Performance from 31/05/10 - 31/05/15
May 2015
Investment objective:
To seek a medium-term capital growth by
investing at least two thirds of the assets in
Brazilian equities and Equity-linked
Instruments diversified at sector level.
Benchmark:
MSCI Brazil 10/40 Index
Cumulative performance
Key data
Fund manager
Lionel Bernard
Fund size
USD 33.76mn
NAV per unit
USD 59.29
Class
A2U
Fund launch date
6 Mar 2008
Fund currency
USD
Unit class
Acc.Shs / Dis. Shs
ISIN code Acc. Shs
LU0823039101
ISIN code Dis. Shs
LU0823039283
Subscription fee ¹
4.50% max.
Redemption fee
None
Switching fee ¹
1.00% max.
Management fee
1.85% p.a. max.
Dealing date
Daily
Orders executed on forward pricing
Bloomberg ticker
AMEACUA LX /
AMEADUI LX
NAV publication
Portfolio
Benchmark
3 months
-8.06%
-7.20%
YTD
-13.42%
-10.89%
1 year
-29.55%
-25.92%
3 years
-33.49%
-26.17%
5 years
-40.60%
-32.32%
Since
6 Mar 2008
-40.71%
-38.10%
2013
-17.38%
-14.48%
2014
-16.19%
-12.04%
All performance figures are calculated in USD based on NAV to NAV with dividend reinvested.
Calendar year performance
Portfolio
Benchmark
2010
11.73%
10.34%
2011
-23.74%
-19.91%
2012
2.07%
2.33%
All performance figures are calculated in USD based on NAV to NAV with dividend reinvested.
Top 10 companies
Banco Bradesco
Petroleo Brasileiro
Itausa-Investimentos Itau
Ambev
Itau Unibanco Holding
Suzano Papel e Celulose
JBS
Cielo
BRF-Brasil Foods
Embraer
Sector breakdown
8.54%
7.83%
6.10%
5.65%
4.77%
4.63%
4.56%
4.51%
3.25%
3.08%
South China Morning Post
Hong Kong Economic Journal
All information is as of 31 May 2015
unless otherwise specified.
For more information, please visit us at
www.amundi.com/hkg
Risk indicators (over a 3-year period)
Annualised volatility
Tracking error
Information ratio
Sharpe ratio
24.95%
3.07%
-0.97
-0.51
Source of statistical information: Amundi
All statistical information calculations are based on NAV.
1) Each of the subscription and switching fees includes a fixed fee amounting to 0.90% for the subscription and/or switching in Shares for the Brazil Sub-Fund. These fixed fees accrue to the corresponding class of Shares of the Brazil Sub-Fund. No fixed
fee is taken for the combinations of redemptions and subscriptions carried out on the same Net Asset Value.
Changes that may impact Fund performance: Effective 12 February 2013, holdings of Hong Kong sharesholders in the AU Class of the Fund were automatically converted into share class A2U, which replicated the fee and costs structure applied in AU
Class at that time. Prior to 12 February 2013, the performance of A2U share class of Amundi Funds Equity Brazil is that of AU share class of the Sub-Fund. The AU share class is not authorized by the Commission in Hong Kong and not available to the
public of Hong Kong.
Effective 24 June 2011, Amundi Funds Brazil has changed name to Amundi Funds Equity Brazil. Effective 2 March 2010, CAAM Funds Brazil has changed name to Amundi Funds Brazil.
The issuer of this document is Amundi Hong Kong Limited. This document and the mentioned website have not been reviewed by the Securities and Futures Commission in Hong Kong (the "SFC"). Investors should not only base on this document alone
to make investment decisions. Investment involves risk. The past performance information of the market, manager and investments and any forecasts on the economy, stock market, bond market or the economic trends of the markets which are targeted
by the fund(s) are not indicative of future performance. Investment returns not denominated in HKD or USD is exposed to exchange rate fluctuations. The value of an investment may go down or up. The offering document(s) should be read for further
details including the risk factors. The fund(s) may use financial derivatives instruments as part of the investment strategy and invest in securities of emerging markets or smaller companies, or fixed-income securities. This involves significant risks and is
usually more sensitive to price movements. The volatility of fund prices may be relatively increased. Issuers of fixed-income securities may default on its obligation and the fund(s) will not recover its investment. Additional risk factors are described in the
offering document(s). Investors are advised to be aware of any new risks that may have emerged in the prevailing market circumstances before subscribing the fund(s).
This document is not intended for citizens or residents of the United States of America or to any «U.S. Person» , as this term is defined in SEC Regulation S under the U.S. Securities Act of 1933 and in the Prospectus of the Fund.
ֱࣟႪ෻ߓ٨ഗ८
֣۫ഗ८
1 . ‫ء‬ഗ८᥆࣍ैปഗ८Ζ
2 . ‫ދ‬ᇷ‫ءڇ‬ഗ८ࢨᄎࢭ࠹ؑ໱Εੌ೯ࢤΕं೯ΕႪ‫܋‬Ε࿇୶խഏ୮֗խ՛ীֆ‫׹‬հଅᙠΖैปᏝ௑֗ຄኞհं೯ࢤ‫ڇ‬࿇୶խؑ໱ԫ౳ለ೏Ζሎ‫ش‬८ᘜ૜‫س‬ՠࠠ‫א‬ሒࠩኙ‫֗ޱ‬೏ய෷ጥ෻‫ދ‬ᇷิ‫ٽ‬հ‫ؾ‬ऱࢨ‫ױ‬౨Ꮑ૞
ࢭ࠹࿇۩೸ऱॾ၊ଅᙠΖ
3 . ഗ८ऱ‫ދ‬ᇷྡྷរ‫֧ױ‬ીᇠഗ८ઌኙ࣍ለ੡։ཋ‫ދ‬ᇷऱഗ८հଅᙠለՕΖ
4 . ‫ء‬ഗ८ऱᏝଖ‫ױ‬౨ᄎॺൄं೯Δ‫ױ׊‬౨‫ڇ‬࿍ழၴփՕ༏ՀၓΔ‫ދח‬ᇷृ፞࠹ૹՕჾ؈Ζ
5 . ຍਢ൞ଡԳऱ‫ދ‬ᇷެࡳΔೈॺංտᇠ‫ދ‬ᇷข঴࿯൞ऱ᥽ംբਐ‫נ‬ᇠข঴ᔞ‫ٽ‬൞‫ء‬Գ֗բ‫ٻ‬൞ᎅࣔᇠข঴‫ڕ‬۶ฤ‫ٽ‬൞ऱ‫ދ‬ᇷ‫ؾ‬ᑑΔ‫ܡ‬ঞ൞լᚨ‫ދ‬ᇷ࣍ᇠข঴Ζ
2015
31/05/10 - 31/05/15
5
Κ
ຘመല۟֟Կ։հԲᇷข‫ދ‬ᇷ࣍ሙ‫܉‬լ‫۩ٵ‬ᄐ
ऱ֣۫ैป֗ैป඀㾣ปᖕΔ༈‫ޣ‬խᒵᇷ‫ء‬ᏺ
ଖΖ
Κ
MSCI Brazil 10/40 ਐᑇ
ഗ८
3ଡִ
-8.06%
‫۟ॣڣ‬վ
-13.42%
1‫ڣ‬
-29.55%
3‫ڣ‬
-33.49%
5‫ڣ‬
-40.60%
۞‫ֲمګ‬
08‫ڣ‬3ִ6ֲ
-40.71%
ਐᑇ
-7.20%
-10.89%
-25.92%
-26.17%
-32.32%
-38.10%
2011
-23.74%
-19.91%
2012
2.07%
2.33%
2013
-17.38%
-14.48%
2014
-16.19%
-12.04%
ഗ८ᆖ෻
Lionel Bernard
ഗ८๵ᑓ
33.76‫ۍ‬ᆄભց
‫ޢ‬໢‫ۯ‬ᇷข෣ଖ
59.29ભց
ᣊܑ
A2Uᣊܑ
ࢬ‫ڶ‬।෼ᇷற‫א‬ભցΕᇷข෣ଖኙᇷข෣ଖΕैஒ٦‫ދ‬ᇷૠጩΖ
ഗ८‫ֲمګ‬ཚ
2008‫ڣ‬3ִ6ֲ
ഗ८ຄኞ
ભց
໢‫ۯ‬ᣊܑ
ีᗨैٝ0੔ஒैٝ
ISINᇆᒘีᗨैٝ
LU0823039101
ഗ८
ਐᑇ
ISINᇆᒘ੔ஒैٝ
LU0823039283
ࢬ‫ڶ‬।෼ᇷற‫א‬ભցΕᇷข෣ଖኙᇷข෣ଖΕैஒ٦‫ދ‬ᇷૠጩΖ
ᎁ᝜၄!¹
່೏4.50%
ᦱ‫ڃ‬၄
ྤ
᠏ང၄!¹
່೏1.00%
ጥ෻၄
່೏‫ڣޢ‬1.85%
ᇷข෣ଖૠጩ᙮෷ ‫ֲޢ‬
ਐ‫אח‬ቃૠૡᏝֱ‫ڤ‬ച۩
༙໑‫ז‬ᇆ
AMEACUA LX /
AMEADUI LX
তဎ‫ڰ‬໴
ॾ໴
ࢬ‫ڶ‬ᇷறኲ۟2015‫ڣ‬5ִ31ֲΔೈॺ‫׼‬؆‫!ࣔع‬
Ζ
‫ڶ‬ᣂᇡൣΔᓮោᥦጻܿ www.amundi.com/hkg
10
Banco Bradesco
Petroleo Brasileiro
Itausa-Investimentos Itau
Ambev
Itau Unibanco Holding
Suzano Papel e Celulose
JBS
Cielo
BRF-Brasil Foods
Embraer
2010
11.73%
10.34%
8.54%
7.83%
6.10%
5.65%
4.77%
4.63%
4.56%
4.51%
3.25%
3.08%
)‫א‬3‫ڣ‬ཚૠጩ*
‫ंڣ‬༏෷
24.95%
༛૩ᎄ஁
3.07%
ᇷறֺ෷
-0.97
୙ཏਐᑇ
-0.51
อૠᇷறࠐᄭΚֱࣟႪ෻ᇷขጥ෻Ζ
ࢬ‫ڶ‬อૠᇷற݁௅ᖕᇷข෣ଖૠጩΖ
Ѿα‫ޢ‬ႈᎁ᝜֗᠏ང၄‫ش‬Δ‫ץ‬ਔઌ࿛֣࣍۫՗ഗ८ᎁ᝜֗Яࢨ᠏ངᠰѽΗ҆ѽиհࡳᠰ၄‫ش‬Ζຍࠄࡳᠰ၄‫ش‬ᐸូ֣۫՗ഗ८հઌᚨᣊܑΖ‫ڇ‬ਊઌ‫ٵ‬ᇷข෣ଖ‫֗ڃᦱࠓٽ‬ᎁ᝜ழΔլ‫ࡳ࠷گ‬ᠰ၄‫ش‬Ζ
‫ױ‬౨ᐙ᥼ഗ८।෼ऱ‫ޏ‬೯ΚൕԲሿԫԿ‫ڣ‬ԲִԼԲֲದΔଉཽैࣟ‫ڇ‬՗ഗ८ऱҝұᣊܑհैٝբ۞೯᠏ང۟ҝѿұᣊܑΔࠀආ‫ش‬ፖҝұᣊܑᅝழऱ၄‫گ֗ش‬၄࿨ዌΖ‫ڇ‬ԲሿԫԿ‫ڣ‬ԲִԼԲֲছհ՗ഗ८ҝѿұᣊܑऱ
।෼ࠉᖕֱࣟႪ෻ߓ٨ഗ८֣۫ഗ८ҝұᣊܑհ।෼ૠጩΔۖҝұᣊܑբॺᢞ጑ᄎᎁ‫ױ‬ऱഗ८ᣊܑ֗ࠡլ౨‫ٻ‬ଉཽֆฒ࿇ഇΖ
ֱࣟႪ෻ҟҝҝҩߓ٨ഗ८֣۫ഗ८࣍Բሿԫሿ‫ڣ‬ԿִԲֲ࣐‫ټ‬੡ֱࣟႪ෻ߓ٨ഗ८֣۫ഗ८Ζ
‫֮ء‬ԯ‫ֱࣟط‬Ⴊ෻ᇷขጥ෻ଉཽ‫ૻڶ‬ֆ‫׹‬ᒳ፹Ζ‫֗༼ࢬ֮֗ء‬հጻీࠀ‫آ‬൓ࠩଉཽᢞࠦ֗ཚຄࠃ೭጑ኘࡡ୉ᄎΰψᢞ጑ᄎωαऱᐉᔹΖ‫ދ‬ᇷृլ‫ױ‬໢ᔾ‫ދנ܂֮ۖء‬ᇷެࡳΖ‫ދ‬ᇷ௫֗ଅᙠΖؑ໱Εഗ८ᆖ෻‫ދ֗א‬ᇷ
ऱመ࢓।෼֗ٚ۶ഗ८‫ދ‬ᇷऱᆖᛎؑ໱ΕैؑΕ႘ؑࢨᆖᛎ᝟Ⴈቃྒྷࠀॺലࠐ।෼ࠉᖕΖ‫ދ‬ᇷ‫ڃ‬໴‫ཽॺא‬ցࢨભց੡໢‫ױۯ‬౨‫ڂ‬Ⴊ෷ं೯ۖ‫ދח‬ᇷ᜔ଖՀၓࢨՂ֒Ζ‫ދ‬ᇷ‫ױ‬ၓ‫֒ױ‬Δ‫ދ‬ᇷृ‫ؘ‬ႊᔹᦰᔭഇ֮ٙ‫࠷א‬൓‫ޓ‬
ᇡጐᇷறΔ֠ࠡᅝխࢬ٨ሉ‫ދ‬ᇷଅᙠհຫ૪Ζഗ८ࢨ‫ױ‬౨‫ދ‬ᇷ࣍८ᘜ૜‫س‬ՠࠠΔ‫܂‬੡ࠡ‫ދ‬ᇷ࿜ฃऱࠡխԫຝٝΔٍ‫ױڶ‬౨‫ދ‬ᇷ࣍ᄅᘋؑ໱Ε՛ীֆ‫׹‬࿛ᢞࠦࢨࡐࡳ‫گ‬墿ᢞࠦΖຍᣊী‫ދ‬ᇷᄎ௫֗ለՕ‫ދ‬ᇷଅᙠΔኙᏝ௑
ߨႨٍᄎለ੡ඕტΖഗ८Ꮭ௑ऱं೯ࢤઌኙٍᄎᏺ‫ף‬Ζࡐࡳ‫گ‬墿ᢞࠦհ࿇۩Գ‫ױ‬౨ྤऄᐌ۩ࠡᆠ೭֗‫ڶ‬ᣂഗ८ྤऄ‫ދࠡڃگ‬ᇷΖᔭഇ֮ٙփ‫ڍޓڶ‬ଅᙠ‫ైڂ‬հຫ૪Ζ‫ދ‬ᇷृ‫ؘ‬ႊఎრԫࠄ‫ڂ‬ᅝழؑ໱ൣउۖข‫س‬ऱᄅଅ
ᙠΔֱ‫ࡳެױ‬ᙇ᝜‫ڶ‬ᣂഗ८Ζ
‫֮ء‬լᚵ༼ࠎ࣍ભഏֆ‫ا‬Εભഏࡺ‫ࢨا‬ٚ۶௅ᖕભഏѾ҆ҀҀ‫ࠦဳڣ‬ऄՀऱ๵ঞүࢨഗ८ᎅࣔ஼խࢬࡳᆠऱψભഏԳՓωΖ