Allianz Innovation 5
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.
Subscription closed on 19 December 2003.
If you have any questions, do not hesitate to contact us by e-mail.
Fund presentation
Following the success of its first 4 FCPIs ("fonds commun de placement dans l'innovation" or high-tech fund), AGF Private Equity has launched the Allianz Innovation 5, giving you an opportunity to diversify your investments.
Created in 1997, FCPIs aim to encourage individuals to invest in innovative companies.
According to the regulations governing their composition, FCPIs must be invested as follows: :
at least 60% must be invested in innovative 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
the remainder (up to 40%) is invested at the discretion of the management company.
For Allianz Innovation 5, the remainder is diversified in an even balance between shares, bonds and money market or other mutual funds.
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).
Attractive tax benefits:
In addition to its potential for long-term growth, Allianz Innovation 5 entitles you to a tax reduction equal to 25% of your initial payment (subscription + fees) up to a limit of
12,000 euros for a single person and 24,000 euros for a couple taxed jointly. Allianz Innovation 5 thus allows you to deduct up to 6,000 euros for a couple and 3,000 euros for a single person.
This tax reduction is complemented by tax exemption on gains (except social security and other state deductions) after five years' shareholding.
Allianz Innovation 5 in bref :
| ISIN code of A share | FR0010018218 | | Original value | 2 280 euros | | Entry fee | 5 % | | Management fee | 3.588% per year of net assets | | Minimum subscription | 2 parts soit 4 788 euros (y compris les droits d'entrée). | | Subscription possible via | - des agents généraux AGF
- AGF general agents
- W Finance asset managers
- Assurfinance advisors
- Entenial
- Banque AGF. | | Term of the fund | 31 December 2011
The initial duration of 8 years may be extended 3 times in successive periods of one year by decision of the Management Company. . | Redemption
| Possible from 01/01/2011.. | | Exit fee | No fee at term. 3% between 01/01/2011 and 31/12/2011 | | Transfers | 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. | | Gains exempted from tax | 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.
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