Amundi Emerging Markets Equity Select

The Sub-Fund is a financial product that promotes ESG characteristics pursuant to Article 8 of the Disclosure Regulation. Seeks to increase the value of your investment over the recommended holding period. The Sub-Fund invests mainly in a broad range of equities and equity-linked instruments of companies from any emerging countries. Investments in Chinese equities can be made through authorised markets in Hong Kong, via the Stock Connect or through the QFI licence system. The Sub-Fund’s total investment exposure to China A shares and B Shares (combined) will be less than 30% of net assets. The Sub-Fund may also invest up to 10% of its assets in P-Notes for the purpose of efficient portfolio management.Whilst the investment manager aims to invest in ESG Rated securities, not all investments of the Sub-Fund will have an ESG rating and in any case such investments will not be more than 10% of the Sub-Fund. The Sub-Fund makes use of derivatives to reduce various risks, for efficient portfolio management and as a way to gain exposure (long or short) to various assets, markets or other investment opportunities (including derivatives which focus on equities). Benchmark : The Sub-Fund is actively managed by reference to and seeks to outperform (after applicable fees) the MSCI Emerging Markets Index (the “Benchmark”) over the recommended holding period. The Sub-fund is mainly exposed to the issuers of the Benchmark, however, the management of the Sub-Fund is discretionary, and will invest in issuers not included in the Benchmark. The Sub-fund monitors risk exposure in relation to the Benchmark and the extent of deviation from the Benchmark is expected to be significant. The Sub-Fund has designated the Benchmark as a reference benchmark for the purpose of the Disclosure Regulation. Management Process : The Sub-Fund integrates Sustainability Factors in its investment process as outlined in more detail in section "Sustainable Investment" of the Prospectus. The investment manager aims to deliver alpha by investing in companies that have embraced, or will embrace, a positive ESG trajectory within their business. The investment manager seeks to identify what are the ESG factors that are material to their business and understand the financial impact of those factors and how they may evolve over time. The investment manager identifies investment opportunities that are aligned with the aim of generating alpha by focusing on inclusion of companies that will be strong ESG improvers in the future, while also investing in companies that are currently ESG winners in their sectors. The Sub-Fund seeks to achieve an ESG score of its portfolio greater than that of the Benchmark.