Amundi and First Eagle launch sustainable value fund in the UK

GBP share classes

Amundi and First Eagle Investments have launched the First Eagle Amundi – Sustainable Value fund in the UK, Investment Week can reveal.

The strategy has more than $500m assets under management and is managed by First Eagle's Julien Albertini and George Ross, with Amundi providing the responsible investment approach. Sustainable Value was launched in August 2020 and invests in global equities, which comprised more than 94% of its asset allocation as of 31 January 2024. Amundi nets €26bn inflows in 2023 as profits jump 3.9% According to its most recent factsheet, the fund had positive performance over one and three-year periods, delivering double digits returns in both 2021 and 2023. It suffered in 2022, however, wit...