Amundi US has announced the launch of two new ESG mutual funds of global stocks.
The new funds are:
The Pioneer Global Sustainable Value Fund comprising 45-65 stocks with the lowest price-earnings multiples in the MSCI ACWI Value Index universe and meet the firm’s ESG criteria. The Fund invests mainly in global equity securities of any market capitalization, including IPOs, across any industry or market sector. The Fund also may invest in emerging markets issuers.
The Pioneer Global Sustainable Growth Fund comprising 45-65 growth stocks globally across any market capitalization, including IPOs. The Fund seeks to invest in securities of issuers with above-average potential for earnings and revenue growth, focusing on companies believed to have sustainable business models that also meet ESG criteria. The Fund also may invest in emerging markets issuers. The Fund’s benchmark is the MSCI ACWI Growth Index.
Both Funds are managed by John Peckham, Brian Chen, Jeff Sacknowitz, senior members of the US investment team.