Stay Tuned
Amundi-Acba Reduced Management Fees for Pension Funds in the Interests of Participants
Effective January 1, 2024, the management fees for the Balanced, Conservative, and Fixed Income funds will undergo a significant decrease
Amid strong growth of the AUM of the
pension funds over these years, Amundi-Acba is proud to announce management fee
reduction of pension funds.
Effective January 1, 2024, the
management fees for the Balanced, Conservative, and Fixed Income funds will
undergo a significant decrease, thus having significant positive impact on future
pensions of our pension funds’ participants.
The decrease by the funds will be as follow։
·
Amundi-Acba
Balanced fund: 1.15% from current 1.30%
·
Amundi-Acba Conservative
fund: 0.95% from current 1.10%
·
Amundi-Acba Fixed
income fund: 0.85% from current 1.0%
This move reflects our commitment to
prioritizing participant interests and reaffirms our dedication to fostering
long-term financial growth within the cumulative retirement system of the
Republic of Armenia.
For further details, contact +374 11
31 00 00 00, or send your questions to info-armenia@amundi.com
Disclaimer:
The present material is only for informational purposes and does not imply and/or does not contain any advice, offer or solicitation to use the services of Amundi-Acba or its affiliates.
The mentioned revision of management fee is not yet reflected in Amundi-acba’s pension funds’ rules: it will be incorporated within upcoming amendment of fund rules.
"AMUNDI-ACBA ASSET MANAGEMENT" CJSC is a legal entity registered in Armenia, who, based on the Investment fund management license number 0002, provided by the Central Bank of Armenia, carries out mandatory pension fund management activities in Armenia. The registered office is located 10 Vazgen Sargsyan street, Premises 100-101, Yerevan, Armenia.
"AMUNDI-ACBA ASSET MANAGEMENT" CJSC is supervised by Central bank of Armenia.
© AMUNDI-ACBA ASSET MANAGEMENT CJSC, 2023
