- Amundi, Europe's largest asset manager, is shifting assets from US to China.
- The move is driven by China's better economic prospects and valuations.
- Vincent Mortier, the CIO, believes too much risk is priced into Chinese credit and high-quality companies.
- Mortier is particularly keen on opportunities in select Chinese corporate bonds.
- Amundi is gradually increasing its allocation to China and India over the past 12 months, and has accelerated the move this year.
Fund manager Amundi shifts assets from US to China
Paris-based firm attracted by valuations and says investors have priced in ‘too much risk’
