Amundi’s seven main convictions for H2 2024

French tax reform boosted retirement savings, with higher-income, older workers contributing more after the 2019 Loi Pacte introduced pre-tax incentives, according to an Amundi white paper analysing 1.4 million workers.

With uncertainty looming from Trump tariffs to the impact of DeepSeek on AI, Amundi is focussing on global equity opportunities, diversifying with gold and maintaining a tactical approach to duration.

Since the emergence of “Modern Portfolio Theory” and the “Capital Asset Pricing Model” in the late 1960s, institutional investors have taken a quantitatively driven approach to portfolio construction, looking to create portfolio diversification and obtain better risk-adjusted returns by balancing their asset-class exposures. This journey has seen several important advancements in thinking about how to optimally achieve desired results.