Amundi HK Disruptive Opportunities Equity Fund
Invest in firms that shapes tomorrow’s world

Important information

1. This is an equity fund invested in global equities and money market instruments (including cash). The Sub-Fund mainly invests in the shares of companies that are either established on or which benefit from, fully or partly, disruptive innovation business models, i.e. new business models that can challenge or overtake common ones. The value of the Sub-Fund could then be more volatile and the Sub-Fund may suffer significant losses.
2. The business of disruptive innovative companies may be subject to higher uncertainty and more fluctuations in their performance, therefore the Sub-Fund is exposed to higher market volatility and higher turnover ratios.
3. Investing in this Sub-Fund may involve equity risk, market and volatility risk, currency risk and concentration risk. It may also involve risk related to the use of Financial Derivative Instruments (FDI) for hedging and investment purposes, and risk of small and medium sized companies.
4. As RMB is not freely convertible, the investment in RMB classes may be adversely affected by the fluctuation in the exchange rate between RMB and other foreign currencies and the liquidity of RMB at the relevant time. In case of sizable redemption requests for the RMB classes, the Manager has the absolute discretion to delay any payment of redemption requests from the RMB classes.
5. For hedged classes, there is no guarantee that the hedging techniques employed by the manager will fully and effectively achieve the desired result and effect. Furthermore the volatility of the hedged classes may be higher than that of the equivalent class denominated in the Sub-Fund’s base currency.  If the counterparties of the instruments used for hedging purpose default, Sub-Fund investors of the hedged classes may be exposed to currency exchange risk of the currency of denomination of the relevant class on an unhedged basis and may therefore suffer further losses.
6. For Distribution classes, the Manager may at its discretion determine to pay dividends out of income or capital of the Sub-Fund. In addition, the Manager may at its discretion pay dividends out of gross income while charging / paying all or part of the Sub-Fund’s fees and expenses to the capital of the Sub-Fund, resulting in an increase in distributable income for the payment of dividends by the Sub-Fund, in which case, the Sub-Fund is effectively paying dividends out of capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Such distributions may result in an immediate reduction in the net asset value per unit of the Sub-Fund.
7. Investors must read the offering document carefully for further fund details, especially the details of risk factors. Investors should not only base on this marketing material alone to make investment decisions.

What is Disruption/Disruptive company? Why we have to invest?

Disruption means new solutions.  They are cheaper, faster and environmental-friendly. They can change the sector and create new momentum.

Disruptive companies change the markets’ rules and users’ behavior. They challenge existing players and may ultimately become the market’s leader.

In fact, without disruptive, the company will decline or even eliminate. For example, US railway companies accounted for 63% weighting  of the stock market value.  It had declined to less than 1% of the US market in 2015.

Most importantly, we believe disruptive companies will continuously grow and could have better earnings prospective.

Disruptive Universe

Apart from Information Technology or Biotech related equities, our well-rounded  portfolio  invests in different areas of disruptive universe:

Disruptive Universe

The issuer of this webpage is Amundi Hong Kong Limited. This webpage 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 involved risks. Past performance information presented is not indicative of future performance. The value of an investment may go down or up. 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 webpage 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.

This webpage is not intended as an offer or solicitation with respect to the purchase or sale of securities, including shares or units of funds. All views expressed and/or reference to companies cannot be construed as a recommendation by Amundi. Opinions and estimates may be changed without notice. To the extent permitted by applicable law, rules, codes and guidelines, Amundi and its related entities accept no liability whatsoever whether direct or indirect that may arise from the use of information contained in this webpage.

This webpage is for distribution solely to persons permitted to receive it and to persons in jurisdictions who may receive it without breaching applicable legal or regulatory requirements.

This webpage is prepared for information only and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this webpage. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment.