Objectives
This investment offers tax exemption in the year of subscription and the prospect of long-term gain through access to the capital of innovative unlisted companies with high growth potential.
FCPI Allianz Innovation 2 was closed to subscriptions on 01/02/2000
If you have any questions, do not hesitate to contact us by e-mail.Fund presentation
Allianz Innovation 2 is the successor to Allianz Innovation 1.
It is an FCPI ("fonds commun de placement dans l'innovation") i.e. a tax incentived venture capital fund.
60% of assets invested in unquoted companies:
60% of the assets of an FCPI must be invested in innovative French unquoted companies.
The innovative nature of a company is judged according to its spending on research and development, or whether it has been approved by the ANVAR (the French innovation association).
The company must also satisfy a number of criteria:
Size of staff is less than 500 employees
the majority of the share capital has to be held by individual investors or investment funds
40% of assets in a diversified portfolio of investments in the Euro zone:
The 40% are distributed across a balanced portfolio of share, bond and money market mutual funds in the euro zone.
FCPIs are subject to very specific regulations, with particular regard to limits on the holding of assets and the distribution of risk within portfolios.
FCPIs are subject to approval and auditing by the AMF (the French financial markets authority).
Principal technical characteristics
| ISIN code of A share | FR0007049812 | | Original value | 2 287 euros (15 001,74 FRF) | | Entry fee | 5 % | | Management fee | 3% per year of net assets | | Term of the fund | 31 December 2007
This duration may be extended in successive periods of one year by the Management Company | | Minimum Investment | 2 401, 35 € (1 part + 5% de droits d'entrée) | | Subscription possible via | - AGF general agents
- W Finance asset managers
- Assurfinance advisors
- d'Entenial (e.g. Comptoir des Entrepreneurs)
| | Redemption | Possible from 1/1/2007 | | Exit fee | 3% between 01/01/2007 and 31/12/2007. After 01/01/2008, no fee will be deducted | | Transfers | Shares may be transferred freely but only by mutual agreement. | Tax reduction
| Tax reduction on entry of 25% of the investment (including fees) up to a limit of 11,433 Euros of investment for a single person and 22,867 Euros for a married couple | | Tax exemption | Tax exemption (except social security deductions) on gains realised after five years |
This document does not constitute the regulatory specifications required by the AMF
 If you have any questions, do not hesitate to contact us by e-mail |
