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First corporate bond fund launched for credit unions in Kilkenny


First corporate bond fund launched for credit unions in Kilkenny
Reporter:
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Amundi, Europe’s largest asset manager and leading financial services firm Goodbody have jointly launched the first corporate bond fund for credit unions in Ireland, bringing innovation and choice to the sector as well as helping the institutions to mitigate against the impact of negative interest rates.
The launch of the €150 million+ Amundi Fund Solutions ICAV Select Investment Grade Bond fund enables credit unions to invest in a diversified portfolio of corporate bonds in efforts to achieve an attractive yield. Up until now, credit unions could only invest in a limited range of investment options including bank deposits, government bonds and bank bonds.  The move follows Central Bank Regulations in 2018 that allowed Credit Unions to invest in a corporate bond fund with a minimum requirement of €150 million at launch. ....

France General , Gerard Moore , Sarah Donnelly , Graham Fox , Central Bank Regulations , World Council Of Credit Unions , Amundi Ireland , Central Bank , Amundi Fund Solutions , Investment Grade Bond , Ireland Limited , Senior Director , Retail Distribution , World Council , பிரான்ஸ் ஜநரல் , ஜெரார்ட் மூர் , சாரா டோநிலீ , கிரஹாம் நரி , மைய வங்கி ஒழுங்குமுறைகள் , உலகம் சபை ஆஃப் கடன் தொழிற்சங்கங்கள் , அமுண்டி ஐயர்ல்யாஂட் , மைய வங்கி , முதலீடு தரம் பத்திரம் , ஐயர்ல்யாஂட் வரையறுக்கப்பட்டவை , மூத்தவர் இயக்குனர் , சில்லறை விநியோகம் ,