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Amundi-Acba, 10 years of achievements and new initiatives
Yerevan, Armenia –
September 24, 2024
Amundi-Acba Asset Management is celebrating its 10th anniversary of operations in Armenia. On this occasion we present the remarkable results of 3 pension funds and our commitment to the development of the capital market in Armenia.
Since the inception in January 2014, the three pension funds Amcon, Ambal, and Amfix managed by Amundi-Acba, have significantly impacted the financial landscape in Armenia, managing around 517 billion AMD in assets which belong to 495,000 participants.
65% of 517 billion AMD, is invested in Armenia while the rest is diversified globally. Amundi-Acba made its first investment on March 11, 2014, when the Net Asset Value (NAV) per share for all three funds was set at 1,000 AMD. A decade later, this has increased reaching between 2,081 AMD and 2,204 AMD, depending on the fund, which corresponds to an average annual return of 7.2-7.8% since inception.
Throughout these ten years, Amundi-Acba has overcome numerous challenges in promoting the transparency and development of Armenia’s asset management industry. The company has also made significant efforts to introduce tools that contribute to the management of foreign exchange risks. Additionally, Amundi-Acba adopted globally recognized best practices in asset management, leveraging the extensive analytical resources of the French Amundi to assess local markets and make secure investments.
As we move to the next decade, Amundi-Acba will continue to contribute to the development of the capital market by promoting new financial opportunities and investment instruments for the benefit of pension funds under its management and the participants. All of this will definitely contribute to the growth of economic activity.
For more information, please find the appendix with detailed charts illustrating our performance and strategic initiatives.
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About Amundi-Acba Asset Management
Amundi-Acba Asset Management was founded in 2013. The company manages three mandatory pension funds having more than 517 billion assets under its management as of August 30th, 2024.
The company's shareholders are the French Amundi, the leading European Asset Manager with nearly 2 trillion Euros in assets under management as of June 30 , 2024 and Acba Bank, one of the largest financial institutions in Armenia, represented throughout the country with 65 branches.
