The Amundi Pioneer US Concentrated Growth Strategy seeks to outperform the Russell 1000® Growth Index over a full market cycle with less volatility, and strives to achieve a competitive ranking within peer universes over the same period, while retaining the integrity of the investment style.

                         

                              

                        

                       

The Amundi Pioneer US Concentrated Growth Strategy is based on our belief in a portfolio of companies that generate high returns on capital. We believe that a focused portfolio of companies with businesses that have high returns on growth capital, sustainable competitive advantages, capitalize on secular growth opportunities, and trade at a discount to intrinsic value, can generate attractive risk-adjusted returns over the long term.

Andrew Acheson

Managing Director
Director of Growth, US
Portfolio Manager

Biography

Paul Cloonan

Senior Vice President
Portfolio Manager 

Biography

Overview

  • A focused portfolio of companies with businesses that have high returns on growth capital, sustainable competitive advantages, capitalize on secular growth opportunities and trade at a discount to intrinsic value, can generate attractive risk-adjusted returns over the long term.
  • We seek to create a portfolio with high and diversified1 active share, leveraging our best fundamental, bottom-up ideas.
  • The Strategy focuses on diversification¹ in terms of both absolute exposures and relative contribution to risks.
  • Typical investment horizon is 4 to 6 years.

1Diversification does not guarantee a profit or protect against a loss.

PLEASE NOTE: The Internal Guidelines referenced do not necessarily represent prospectus/statutory limitations. These internal guidelines are used as guidance in the daily management of the Portfolio’s investments. These guidelines are subject to change and should not be relied upon as a long term view of the Portfolio’s exposures, limitations, and/or risks.

Why Amundi Pioneer?

Key features of the Amundi Pioneer US Concentrated Growth Strategy include:

  • Consistent, disciplined philosophy and process: The Strategy has held to the same investment philosophy since its inception, and its consistent performance and holdings attribution are evidence of the team's disciplined approach.
  • Risk-adjusted returns and downside risk focus:  Consistent with the philosophy and focus on higher-quality companies, the Strategy has outperformed the Russell 1000® Growth Index in the three most recent calendar year down markets in 2001, 2002 and 2008.
  • Low volatility approach: The companies in which the team typically invests have lower-than-average volatility in their business results, which may result in lower stock volatility. Valuation analysis is an important part of the team's security selection process, which typically helps mitigate volatility.
  • Definition of value: The Strategy distinguishes itself by defining value as the combination of the existing cash flow yield of a business and the level and sustainability of returns on incremental invested capital (ROIIC).
  • Concentrated portfolio: The Strategy has exposure to high-conviction stocks, diversified1 across sectors, and poised to outperform the long term.

1Diversification does not guarantee a profit or protect against a loss.