Groupama AM strengthens European equity fund soft-closing

clock • 1 min read

The investment arm of French insurer Groupama, Groupama Asset Management, has updated its soft-closing policy regarding its eurozone small-mid cap equity fund Groupama Avenir Euro.

The firm has decided to limit subscriptions of current investors of the fund by applying a maximum 10% fee for any additional subscription.

Groupama AM had already soft-closed its strategy to new investors with a similar measure earlier this year.

The manager argued the measure aims to preserve the management and the performance of the Groupama Avenir Euro fund.

Groupama AM had €96.8bn of assets under management as at end of December 2016.