CM‑AM Convictions Range consists of two flagship equity strategies: CM‑AM Convictions Euro and CM‑AM Convictions USA, that invests respectively in Eurozone and U.S. companies, with the goal of outperforming their respective benchmarks (Euro Stoxx and S&P 500) regardless of market cycles and conditions.
Five key insights underpin this range:
1. Quality and Growth Bias
CM‑AM Convictions funds range is built on active management with a clear Quality and Growth bias. The strategies focus on companies with robust business models, solid cash‑flow potential and disciplined management teams, a combination particularly appreciated by allocators seeking consistency through cycles. This approach also helps reduce volatility, contributing to the funds’ resilience during periods of market stress.
2. Proven Investment Process
Stock picking is guided by a method in place since 2006, built on two proprietary tools. The Radar Tool is an internal quantitative ranking system that filters the investment universe and generates investment ideas while the Valuation Tool uses a simplified Discounted Cash Flow model to estimate companies’ medium to long-term upside potential.
Together these tools challenge portfolio managers’ investment choices by mitigating decision-making biases and bringing new ideas. Once potential investment or divestment opportunities are identified, fundamental analysis validates the final decision.
So far, the CM‑AM Convictions Funds Range has proven effective in both regions: CM‑AM Convictions Euro (S Share Class: FR0013384971) has outperformed in 94%1 of the 5-year rolling periods2 (3565 cases), with an average outperformance of 2.91%1, while CM‑AM Convictions USA (IC Share Class: FR00140077F8) has outperformed in 100%1 of the 3-year rolling periods2 (209 cases), with an average outperformance of 3.67%1.
These results are validated by Morningstar rankings: CM‑AM Convictions Euro (S share class: FR0013384971) and CM‑AM Convictions USA (IC share class: FR00140077F8) both hold a 5‑star rating3.
3. Agile Management
The investment team applies an agile approach supported by a flexible framework: the funds can invest across all sectors, geographies, styles, and market caps4. This flexibility allows the strategies to capture opportunities early, adjust positioning as cycles evolve, and navigate environments where market leadership rotates, as we’ve seen recently between value, growth, financials, and technology.
4. Team Deemed Solid
CM-AM Convictions Range relies on an experienced and stable investment team. The two senior portfolio managers have been working together for more than a decade, and in 2021 the team has been gradually strengthened by adding three additional talented portfolios managers to support asset growth. Today assets have reached € 2112 millions1 for CM-AM Convictions Euro and € 1017 millions1 for CM-AM Convictions USA since their respective launch.
This close collaboration, combined with complementary expertise, enables effective cross‑analysis between European and North American markets and fosters a dynamic flow of investment ideas, revealing connections across sectors, parent–subsidiary relationships and value‑chain interactions.
5. Alternative to Passive Management
With nearly 20 years of track-record on the core strategy, CM-AM Convictions range has shown its ability to navigate market across cycles. This makes the range a compelling alternative to passive investment solutions such as ETF thanks to an active approach combining performance, volatility control and the integration of sustainability criteria, with the entire range categorized as SFDR 85.
Conclusion
In a market environment where investors are showing renewed interest in high‑conviction, fundamentally driven equity strategies, CM-AM Convictions funds range continues to appeal to long‑term allocators. Its motto “Solid in our methods, agile in our choices” captures the essence of the approach: active, high‑conviction stock‑picking supported by a proven investment process. We invite you to visit the dedicated webpage to explore the philosophy and strategies in more detail: xxx
Main risks: risk of capital loss, risk associated with discretionary management, equity market risk, risk associated with investment in small-cap equities, liquidity risk, sustainability risk. Full risk information is available on the Prospectus of each fund.
1. Sources: Crédit Mutuel Asset Management as of 27/02/2026. Performance is not guaranteed and may fluctuate upwards or downwards. 2. Rolling periods since the inception of the fund. Annualized performance, net of management fees. The Euro Stoxx ® Net Return index and S&P 500 Net Return Index are expressed at the closing price, with dividends reinvested. 3. Sources: Morningstar as of 27/02/2026. ©2026 Morningstar. All rights reserved. References to a ranking, prize or label do not prejudge the future results of the latter/the fund or the manager. 4. Portfolio allocation may change at any time. Data is for illustration only and may differ from updated figures. 5. The Sustainable Finance Disclosure Regulation – UE 2019/2088 does not guarantee the performance of the funds. The investment decision must take into account all the fund's characteristics and objectives as described in the prospectus and the KIID of the promoted fund. A fund classified as Article 8 under the SFDR Regulation integrates sustainability risk considerations into its management or explains why sustainability risk is not relevant to the analysis. It is possible for a fund classified as Article 8 of the SFDR Regulation to invest in sustainable investments.
Disclaimer: Marketing communication intended for professional clients within the meaning of Directive 2014/65/EU (MiFID II).The information contained in this document does not constitute investment advice, an investment proposal, or any inducement to engage in financial market operations. The opinions expressed reflect the views of their authors as of the publication date and do not represent a binding commitment by Groupe La Française. These opinions are subject to change without notice, within the limits of the prospectus, which is the sole authoritative source. Groupe La Francaise shall not be held liable in any way for any direct or indirect damage resulting from the use of this publication or the information it contains. This publication may not be reproduced, in whole or in part, disseminated, or distributed to third parties without the prior written consent of Groupe La Française. www.la-francaise.com This communication was issued by Groupe La Française, a société Anonyme with executive boards and supervisory board with capital of €78836320 RCSPARIS480,871,490. ©2026, Morningstar. All rights reserved. The information presented: 1) belongs to Morningstar and/or their information providers (2) may not be reproduced or redistributed without written agreement by Morningstar (3) is presented without guarantee of accuracy, completeness or news. Neither Morningstar nor their information providers shall be liable for any damages or losses arising from any use of this information. Morningstar or its content providers accept no liability for any damage or loss caused by the use of this information, or for any delay, interruption or omission of information. Past performance is not indicative of future results. Performance is not guaranteed and may fluctuate upwards or downwards. Crédit Mutuel Asset Management: 128, boulevard Raspail 75006 Paris. Asset Management Company approved by the AMF under number GP 97,138. Société Anonyme with capital of euros 3,871,680 registered in the Paris Trade and Companies Register under number 388,555,021 APE Code 6630Z. Intra Community VAT: FR 70 3 88 555 021. Crédit Mutuel Asset Management is a subsidiary of Groupe La Française, the holding company for the asset management division of Crédit Mutuel Alliance Fédérale. La Française Finance Services, an investment company authorised by the ACPR under no. 18673 (www.acpr.banque-france.fr) and registered with the ORIAS (www.orias.fr) under no. 13007808 on 4 November 2016. Internet contact details of the supervisory authorities: Prudential Control and Resolution Authority (ACPR) www.acpr.banque-france.fr, Autorité des Marchés Financiers (AMF) www.amf-france.org