AFD/CAAM : Lauch of an innovative mutual fund

AFD/CAAM : Lauch of an innovative mutual fund

AFD/CAAM : Lauch of an innovative mutual fund

 Agence Française de Développement and Crédit Agricole Asset Management launch an innovative mutual fund reconciling financial investment with development aid.

Jean-Michel Severino, Chief Executive Officer of Agence Française de Développement (AFD), Luc Rigouzzo, Chief Executive Officer of Proparco, Yves Perrier, Chairman of Crédit Agricole Asset Management group, and René Carron, Chairman of Crédit Agricole SA, announced this morning in the presence of Mrs Christine Lagarde, French Minister of the Economy, Industry of Employment, the launch of CAAM AFD AVENIRS DURABLES (Sustainable Futures), an SRI (Socially Responsible Investment) mutual fund that allows savers to participate in financing projects in developing countries. This innovative financial product aims to create new sources of financing for development, while at the same time meeting the demands of savers seeking socially responsible investments.

By creating CAAM AFD AVENIRS DURABLES , Agence Française de Développement (AFD) and Crédit Agricole Asset Management Group (CAAM Group) aim to offer an innovative product that reconciles cautious and responsible investment with development aid. CAAM AFD AVENIRS DURABLES builds a bridge between the saving capacities of North countries and the financing needs of South countries. It provides the right response to savers who are concerned by sustainable development issues and wish to give a meaning to their investments. The fund is one of the few responsible investment products that contribute to financing development aid projects in the three main sectors which reflect the priority missions of AFD: combating poverty, supporting economic growth and protecting the planet and the environment. The fund has an ad hoc reflection committee which will meet periodically to propose investment projects that best meet the fund’s development aid targets.