Corbeilles 2010: Natixis Asset Management’s expertise awarded On the occasion of the Mieux Vivre Votre Argent Corbeilles Awards 2010 in partnership with EuroPerformance, Natixis Asset Management’s won 3 awards for the quality of its fund management
In the “Retail Banking" category, the Banque Populaire network won the: • 3rd Corbeille d’Or for the performance of its funds range over one year; • Prize for the Best Equity Range over one year. For its part, Natixis Interépargne was awarded the • 3rd Corbeille for Employee Savings over five years. These three awards recognize the performance of the funds (UCITS and employee collective investment funds or FCPEs) managed by Natixis Asset Management and marketed by Natixis Interépargne and via the Banque Populaire network. The Corbeilles are awarded for the totally of the SICAV and FCP funds marketed in France and registered in the EuroPerformance databases. The funds are scored out of 20 based on their performance but also as a function of the mean and standard performance deviation in their category. Source: Mieux Vivre Votre Argent - 10/2010
The figures cited are for past years. Past performance is not a reliable indicator of future performance. The references to a ranking, price or rating of a UCITS do not prejudge its future results.
www.am.natixis.com CORPORATE AND INVESTMENT BANKING / INVESTMENT SOLUTIONS / SPECIALIZED FINANCIAL SERVICES
FLASH AWARDS CORBEILLES 2010
/// TROPHIES AWARDED n Over 1 year • 2 Trophies are awarded: Corbeille d’Or: dedicated to the Retail Banks (which is to say banking institutions with a network of at least 100 agencies across France) and the banking subsidiaries of insurance companies. Corbeille to asset managers: reserved to the other generalist banks and specialized asset management firms. + Prize for the Best Range Equities and profiled funds over 1 year. n Over 5 years • 3 Trophies are awarded: Long-Term Corbeille: open to all types of institutions (retail banks, specialized banks and insurance companies). Long-Term Corbeille dedicated to asset managers: reserved to the other generalist banks and specialized asset management firms. Corbeille for Employee Savings + Prize for the Best Range Equities and Profiled funds over 5 years.
/// SCOPE OF THE FUNDS RATED Corbeilles d’Or: The Corbeilles are awarded for the totality of the SICAV and FCP funds marketed in France and registered in the EuroPerformance databases. Under the methodology, these products are known as “investment funds". In each institution, only the investment funds that are marketed to clients via the network or over the internet are judged. The funds scored are thus those that are effectively available "off the shelf" and the score is not driven by the institutional products. For pure products, each fund is ranked in a category on the criteria of its benchmark index. (Diversified funds are treated separately: they are classified with the profiled funds before being regrouped into five families as a function of their risk behavior) • Over 1 year: 14 categories, each with at least 30 funds: Equities, North America – general, Equities Europe – general, Equities Europe - small Caps, Equities Euro zone – general, Equities Euro zone – large cap, Equities France – general, Equities France – large cap, Equities International – general, Equities Japan - general, Equities Emerging Markets general, Bonds International, Bonds Euro zone - general and Bonds Euro zone - medium term.
Award for the Best Range: The managers must offer at least two categories for the profiled funds and four categories for the equity funds and show positive performance for at least half of the rated products. Corbeilles Employee Savings: For the Corbeilles – Employee Savings, the funds under management of the ranked employee collective investment funds (FCPEs, marketed in France and registered in the EuroPerformance databases) must be above €2 million and their category must remain stable over the period. In order to avoid any disparity, the management fees must also be paid by the fund and not by the company. To take part an asset class must have at least 10 employee collective investment funds (FCPEs). Each company must have at least four funds ranked in four different categories.
/// PERIODS UNDER CONSIDERATION • Over 1 year: For the Corbeille d’Or – Corbeille dedicated to asset managers - Award for the Best Range for the equity and profiled funds over one year: the results have been calculated for the period from 26/06/2009 to 25/06/2010. • Over 5 years: For the Long-Term Corbeille – Long-Term Corbeille dedicated to asset managers - Corbeille for Employee Savings: the results have been calculated for the period from 24/06/2005 to 25/06/2010.
/// METHODOLOGY Each fund is scored out of 20 based on its performance but also as a function of the mean and standard performance deviation in the category. Corbeille d’Or and the Long-Term Corbeille: correspond to an overall rating, of which 70% comprises the equity rating and 30% the bond rating. Each company is given an average rating on equities, profiled funds and bonds. Award for the Best Range: the equity and profiled funds give rise to the Award for the Best Range over one and five years. Each company is given an average rating on equities, profiled funds and bonds. Corbeille d’Or – Employee Savings: The overall rating corresponds to the average of the results for the individual funds.
• Over 5 years: The Equities Euro zone category was not entered as it did not fulfill the 30 conditions over the reference period.