AAF-AMUNDI EUROPEAN EQUITIES A EUR ACC

The sub-fund seeks to provide long-term capital appreciation with a diversified and actively managed portfolio of European equities, without any specific restriction on tracking error. The sub-fund invests predominantly in transferable equity securities such as equities, other equity shares such as cooperative shares and participation certificates issued by, or warrants on transferable equity securities of, companies which are domiciled in or exercise the predominant part of their economic activity in Europe. The minimum asset allocation in such securities on a consolidated basis (direct and indirect investments) will be of 60% of the sub-fund's net assets. The minimum sub-fund's investment in equity securities will be of 75% of the sub-fund's net assets.