The strategy has more than $500m assets under management and is managed by First Eagle’s Julien Albertini and George Ross, with Amundi providing the responsible investment approach.
Sustainable Value was launched in August 2020 and invests in global equities, which comprised more than 94% of its asset allocation as of 31 January 2024.
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According to its most recent factsheet, the fund had positive performance over one and three-year periods, delivering double digits returns in both 2021 and 2023. It suffered in 2022, however, with negative returns of -11.2%.
Amundi explained the strategy was designed “in response to client demand in Europe”, and with the launch of the GBP share classes, it will be accessible by UK investors as well.
“We are pleased with how the fund has performed so far,” said co-portfolio manager Albertini. “It has achieved positive returns since inception, capturing much of the upside during bull markets and displaying resilience during more challenging markets.”
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Thierry Ancona, head of sales at Amundi, added: “The launch of these share classes marks another step in a multi-decade long partnership between Amundi and First Eagle.
“We believe the changing economic environment will see a growing appetite for this sort of product in the UK, and we are excited to be able to launch these new share classes for UK savers.”
