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MMA Monaco: A New Unit-Linked Investment Fund Not to

Miss!

From 2 September to 13 December 2024, MMA is offering a unit-linked investment fund called
‘‘MMA Itinéraires Septembre 2024’’. Pierre Brière, MMA Monaco's General Agent since 1996 and a
recognised life insurance specialist, talks to Monaco Économie about this new fund.

What are the characteristics of this included in this index are global in size and Are there ‘extras’ in taking out a policy with
investment? comply with ESG (environmental, social and MMA Monaco?
It's a unit-linked investment, a debt security governance) criteria. Oh yes, there are several!
governed by French law, which is part of Apart from the advice I can give, the most
the MMA MULTISUPPORTS contract, which Who is this product aimed at? important thing is that MMA is the guarantor
holds the label of excellence. Its duration Anyone under 85 who wants to grow their of these formulas, which occur three times
can be between 5 and 8 years, with the capital while benefiting from a written ‘promise’ a year. Even though past performance is no
accompanying MMA benefits. It is difficult from MMA (subject to certain conditions). In indication of future performance, I have to tell
to summarise an entire information leaflet in these troubled economic times, combining you that all our plans of this type have been
just a few sentences. However, I can tell you profitability and a certain amount of capital winners for sixteen years.
that we offer a guarantee of 6.50% gross with protection should be part of an overall wealth
a capital guarantee that can extend to a fall strategy.
in the Index, made up of 20 European and 20
American companies, to minus 41%. Then, if Are the funds locked in for 5 years or more?
there is no trigger in years 5, 6, 7 or 8, in year Not at all. This fund is quoted daily and can be
8 MMA guarantees the capital to the investor sold at any time at its current price.
with a fall in the underlying index of between
minus 41% and minus 50%. Why do you see this as an opportunity?
A very good return on investment combined With the recent cuts in key rates by European
with capital protection of up to minus 50% is and US central banks, ‘‘locking’’ in an offer at © MMA
remarkable. 6.50%, with the level of protection mentioned Pierre Brière, Agent Général des MMA Monaco
It is also worth noting that all the companies is a real opportunity. MMA Monaco’s General Agent

Support Mechanism Initial level of the iEdge ESG Screened Transatlantic
Decrement 50 Points GTR index
Redemption barrier with gross gain during the term
iEdge ESG Screened Transatlantic and at maturity
Decrement 50 Points GTR Index Capital loss threshold at maturity
Gain Cap

100 % 100 % 100 % 100 %
100 % Gross gain of Gross gain of Gross gain of Gross gain of
5 x 6,50 % 6 x 6,50 % 7 x 6,50 % 8 x 6,50 %
i.e. 32,50 % i.e. 39,00 % i.e. 45,50 % i.e. 52,00 %
59 %
50 % 100 % of capital
The Index closes below the automatic early redemption barrier. Capital reduced
The fund continues. by the fall in the Index.
Partial or total
capital loss
Year 5 Year 6 Year 7 Year 8 Years in redemption
Repayment of capital with gain Redemption of capital with no gain Redemption with partial or total capital
if the Index closes above or at 59% if the Index closes strictly below 59% loss if the Index closes strictly below 50%
of its initial level on an annual valuation of its initial level but above or at 50% of its initial level on the final settlement
date in years 5, 6 or 7 or on the final of that level on the final valuation date. date.
valuation date. A rise in the Index is
therefore not necessary to receive a gain.
Source : MMA Itinéraires septembre 2024

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