The manager has been running Amundi since May 2021.
(Photo: Magali Delporte)
Paris The head of Europe’s largest asset management company Amundi advises private investors to invest less in stocks and instead rely on “money market funds, fixed-interest securities with good quality or structured products with capital protection”.
“We think the valuation of the stock markets is high,” emphasizes Valérie Baudson. Nevertheless, index funds (ETFs) are still a good idea for long-term investments. The ETF boom is by no means over, even if the market is currently growing somewhat more slowly.
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