BELGIUM – Crédit Agricole Asset Management (CAAM), the asset management arm of France’s largest retail bank, Crédit Agricole (CA), has announced that AGF Belgium Bank (AGF) has approved CA-Funds as one of its fund providers.
CAAM’s Brussels office, with responsibility for CAAM’s activities across Benelux, will take care of the deal.
CA-Funds is the Luxembourg domiciled SICAV of the CA group with 39 portfolios covering the main asset classes and world markets. AGF has chosen CA-Funds eurostocks, Europe sector selection, global bond and global equities.
The move follows a decision by AGF, which has a network of 250 distributors across Belgium, to use external fund providers to service clients investing in mutual funds. AGF selects providers based on both quantitative and qualitative research.
Says Jean-François Pinçon, head of business development for Northern Europe at CAAM: “This is a partnership which results in a win/win situation for both of us. AGF are looking for fund providers showing excellent track records and investment processes, whilst we are looking for high quality and long-term partners to distribute our products. This is quite a promising start to our activities in the Belgian market.”