Amundi Funds Income Opportunities | Amundi HK Retail

Amundi Funds Income Opportunities

Seeking alternative sources of income?

The Fund provides stable and high-quality payouts across a spectrum of asset classes, sectors, and regions.

Income Opportunities Visual

1. The fund invests in a broad range of income-producing securities from around the world.
2. Investing in this fund may expose investors to exchange/currency risk, equity risk, equity-linked instruments risk, volatility risk, emerging markets risk and European sovereign-debt crisis risk. It may also involve risk relating to dynamic asset allocation strategy, risks associated with debt securities, subordinated bonds and perpetual bonds, as well as risk associated with regulatory/exchange requirements/policies of certain markets/regions.
3. The fund may use financial derivative instruments (FDI) for hedging, for efficient portfolio management and as a way to gain exposure (long or short) to various assets, markets or other investment opportunities. FDI exposure may involve additional risks such as credit/counterparty risk, volatility and liquidity risk, valuation risk and over-the-counter transaction risk. The fund may be leveraged and suffer losses from its FDI usage.
4. RMB is currently not freely convertible and is subject to exchange controls and restrictions. Under exceptional circumstances, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB.
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 fund’s base currency. If the counterparties of the instruments used for hedging purpose default, 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 class, the fund may at its discretion determine to pay dividends out of income or capital or effectively out of capital of the fund. Payment of dividends out of capital and/or effectively 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. Any distributions involving payment of dividends out of the fund’s capital or payment of dividends effectively out of the fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share of the fund.
7. The value of the fund can be volatile and could go down substantially. Investors may suffer losses.
8. Investors should not make investment decisions solely based on this marketing material.

Why Amundi Funds Income Opportunities?

Markets are constantly changing: Could what was successful before no longer be effective anymore?

 

Yields of Various Asset Classes - Then and Now

 

No Reliable Anchor: Sharp shifts between economic cycles no matter the asset class, sector, or region

Market Adaptability: Different income opportunities perform stronger in different market conditions

Mitigating Drawdown Impact: Diversification eliminates exposure to idiosyncratic risks within each income source
 

Source: Bloomberg, Bank of America, and Amundi US as of June 30, 2025. August 4, 2020 was the all-time record low of the US 10-Year Treasury yield. US Treasury is represented by the BBG US 7-10 Year Treasury Bond Index. Municipals are represented by BBG Municipal Bond Index. US Investment Grade is represented by the BBG US Aggregate Bond Index. US Agency is represented by the Agencies component of the BBG US Aggregate Bond Index. US High Yield is represented by the ICE BofA US High Yield Index. Global Equities are represented by the MSCI ACWI NR Index. Europe Energy is represented by Bloomberg Europe Energy Index. South Korea Financials are represented by MSCI Korea Financials Index. Japan Financials are represented by MSCI Japan Financials Index. World Telecom is represented by MSCI World Telecom Services Industry Group Index. Bank Loans are represented by Morningstar LSTA US Leveraged Loan Index. Indonesian 10-Year Treasury is represented by Indonesia Government Bond Generic Bid Yield 10-Year Index. MLPs (Master Limited Partnerships) are represented by the Alerian MLP Total Return Index. Global Real Estate is represented by ICE BofA Global Real Estate Index. Data is based on past performance, which is no guarantee of future results. For illustrative purposes only.

 

Go Flexible: Flexibility is the key to pursuing attractive yields over time

 

Why invest? 3 Competitive Advantages of the Fund

A True Diversifier – Non-Benchmark Constrained

 

  • Pursue income opportunities across a wide range of asset classes and markets

  • An unconstrained strategy allows fund managers the flexibility to respond swiftly to changing market conditions
     

Nimble allocation across diverse market cycles

 

A.    Reduction in Corporate High Yield allocation from 25% (2020) to 1% (2025), driven by tightening corporate bonds spreads reaching 20Y lows in 2025.


B.    Introduction of US Treasuries into the portfolio in 2022 for the first time since inception. After yielding close to 0% throughout Covid, US Treasury yields started to provide value as the Fed initiated interest rate hikes.


C.    Full transition from US Treasuries to Agency MBS in 2023. During Q1 2023, US banking stress driven by higher interest rates led to a weakness in demand for Agency MBS, creating attractive valuations. 

 

Source: Amundi, Data as of 30 June 2025. 
​Due to rounding, figures may not total 100%. The portfolio is actively managed; sector allocations will vary over other periods and do not reflect a commitment to an investment policy or sector. For illustrative purposes only and not a recommendation to buy or sell asset classes.

A Quality-Focused and Dynamic Strategy

 

Dynamic duration management

 

Source: Amundi, Modified Duration as of 30 June 2025. 

An Income-Oriented Approach

 

Beyond traditional income sources

Monthly Dividend Distribution

Aims to provide a monthly dividend of 8.0% (A2 MTD3 USD, as of June 2025. Dividend payment is not guaranteed)Important information 6

Income Opportunities Distribution Yield

 

Source: Amundi, as of June 2025. Dividend is not guaranteed. The Fund may pay dividends out of its capital. Please refer to point 6 of the "Important Information". *Annualized dividend yield = (1+monthly distribution per unit/ex-dividend NAV)^12-1. The annualized yield may be higher or lower than the actual annual yield. Positive distribution yield does not imply positive return.

An Award-Winning Multi-Asset Strategy 

in Consecutive Years

Morningstar 5 star rating

 

5 stars rating from Morningstar

Data as of 30 June, 2025

 

FSA Gold - Hong Kong

 

Fund Selector Asia Awards 

2025: Mixed Asset – Gold – (Hong Kong)

2024: Mixed Asset – Platinum – (Hong Kong)

 

Lipper award logo

 

LSEG Lipper Fund Awards 2024 

Best Fund over 3 Years – Mixed Asset USD Bal – Global  – Winner – (Hong Kong)

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This document 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 document.

This document 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 document has not been reviewed by the Securities and Futures Commission in Hong Kong.

This document 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 document. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment.  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 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 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.