ESMA Guidelines on Funds’ Names update

In May 2024, the ESMA funds’ name guidelines focusing on the use of ESG or sustainability related terms in funds were published.

The guidelines aim to enhance transparency and prevent greenwashing in investment funds, ensuring that fund names accurately reflect their investment strategies and objectives. The key recommendations are to ensure that fund names:

Reflect the investment strategy
Avoid misleading names
Use terms that represent the investment approach
Are consistent across all communications
Comply with regulation
Consistently review the strategy

To find out more about the guidelines click here.

What changes have we made?

At Amundi we decided to use the introduction of these new guidelines to review our active product range and go beyond the recommendations set out in the guidelines.

There will be two different types of changes implemented. Some of our funds will change their name to clearly declare their nature, while others will adjust their investment policies, notably to comply with the applicable exclusions (CTB/PAB). It’s important to note that some funds have increased their ESG related constraints, but no fund has reduced its Responsible Investment ambitions.

Fund Changes:

Changes are effective from 28 April 2025

Old Name	New Name	Other Changes
Amundi Funds Asia Income ESG Bond	Amundi Funds Asia Bond Income Responsible	Please see Shareholders Notice
Amundi Funds Emerging Markets Green Bond	No name change	Please see Shareholders Notice
Amundi Funds Euro Corporate ESG Bond	Amundi Funds Euro Corporate Bond Select	No other changes
Amundi Funds Euro Government Responsible Bond	Amundi Funds Euro Government Bond Responsible	Please see Shareholders Notice
Amundi Funds European Subordinated Bond ESG	Amundi Funds Euro Subordinated Bond Responsible	Please see Shareholders Notice
Amundi Funds Global Bond	Amundi Funds Global Government Bond	Please see Shareholders Notice
Amundi Funds Global Corporate ESG Improvers Bond	Amundi Funds Global Corporate Bond Select	Please see Shareholders Notice
Amundi Funds Global High Yield ESG Improvers Bond	Amundi Funds Global High Yield Bond Responsible	Please see Shareholders Notice
Amundi Funds Global Total Return Bond	Amundi Funds Global Bond Flexible	Please see Shareholders Notice
Amundi Funds Impact Euro Corporate Short Term Green Bond	No name change	Please see Shareholders Notice
Amundi Funds Impact Green Bonds	No name change	Please see Shareholders Notice
Amundi Funds Net Zero Ambition Global Corporate Bond	Amundi Funds Global Corporate Bond Climate	Please see Shareholders Notice
Amundi Funds Net Zero Ambition US Corporate Bond	Amundi Funds US Corporate Bond Climate	Please see Shareholders Notice
Amundi Funds US Corporate Bond	Amundi Funds US Corporate Bond Select	Please see Shareholders Notice
Amundi Funds Quantitative Global Absolute Return Bond	No name change	Please see Shareholders Notice

Old Name	New Name	Other Changes
Amundi Funds Emerging Markets Equity ESG Improvers	Amundi Funds Emerging Markets Equity Select	No other changes
Amundi Funds Emerging Europe Middle East and Africa	No name change	Please see Shareholders Notice
Amundi Funds Euroland Equity Small Cap	Amundi Funds Euroland Equity Small Cap Select	Please see Shareholders Notice
Amundi Funds European Equity ESG Improvers	Amundi Funds Europe Equity Select	No other changes
Amundi Funds European Equity Green Technology	Amundi Funds Europe Equity Green Technology	Please see Shareholders Notice
Amundi Funds European Equity Income ESG	Amundi Funds Europe Equity Income Select	No other changes
Amundi Funds Global Ecology ESG	Amundi Funds Global Equity Responsible	Please see Shareholders Notice
Amundi Funds Global Equity ESG Improvers	Amundi Funds Global Equity Select	No other changes
Amundi Funds Global Equity Income ESG	Amundi Funds Global Equity Income Select	No other changes
Amundi Funds Japan Equity Engagement	Amundi Funds Japan Equity Select	No other changes
Amundi Funds Equity Japan Target	No name change	Please see Shareholders Notice
Amundi Funds Japan Equity Value	No name change	Please see Shareholders Notice
Amundi Funds Net Zero Ambition Emerging Markets Equity	Amundi Funds Emerging Markets Equity Climate	Please see Shareholders Notice
Amundi Funds Net Zero Ambition Global Equity	Amundi Funds Global Equity Climate	Please see Shareholders Notice
Amundi Funds Net Zero Ambition Top European Players	Amundi Funds Europe Equity Climate	Please see Shareholders Notice
Amundi Funds New Silk Road	Amundi Funds Emerging Markets Equity Growth Opportunities	Please see Shareholders Notice
Amundi Funds US Equity ESG Improvers	Amundi Funds US Equity Select	No other changes

Old Name	New Name	Other Changes
Amundi Funds Euro Multi-Asset Target Income	No name change	Please see Shareholders Notice
Amundi Funds Global Multi-Asset Target Income	No name change	Please see Shareholders Notice
Amundi Funds Multi-Asset Sustainable Future	Amundi Funds Multi-Asset Conservative Responsible	Please see Shareholders Notice
Amundi Funds Net Zero Ambition Multi-Asset	Amundi Funds Multi-Asset Climate	Please see Shareholders Notice

Old Name	New Name	Other Changes
Amundi Funds Real Assets Target Income	No name change	Please see Shareholders Notice

Frequently Asked Questions:

No, the current cost structure will remain the same.

No, the ISIN will remain the same.

Some of our funds will change their name while others may adjust their investment policies (to comply with the applicable exclusions). It’s important to note that some funds have increased their ESG related constraints, but no fund has reduced its Responsible Investment ambitions.

Shareholder notice

To find out more please view our Shareholder notice

Download

Discover more in our article

Click here

Source: ESMA Final Report on the Guidelines on Funds' Names; Guidelines on Funds' Names Using ESG or Sustainability-Related Terms.

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ESMA Guidelines on Funds’ Names update

What changes have we made?

Fund Changes:

Fixed Income

Equities

Multi Asset

Real Assets

Frequently Asked Questions:

Will there be a change to costs

Will the ISIN change?

Are there any changes other than the name change?

Shareholder notice