Amundi has launched Amundi Funds Multimanagers Long/Short Equity, a new sub-fund of its Luxembourg-domiciled umbrella fund Amundi Funds.

This sub-fund invests in Ucits III funds employing long/short and/or equity arbitrage strategies, as well as volatility management.

The fund aims to outperform Eonia by five per cent per annum while maintaining a maximum level of annual ex-post volatility of eight per cent.
 
Amundi says the current environment of low interest rates, economic uncertainty and high volatility is particularly favourable for absolute return strategies, which aim to capitalise on the divergence in performance between securities, sectors or geographic regions rather than on global market trends.
 
The fund also offers investors weekly liquidity.