Dear members,

I hope this letter finds you and your beloved ones safe and and well prepared for the next future everyone is talking about…

For AMFIE the "new new thing" will definitely be our next virtual Annual General Meeting and its electronic voting. We have rapidly coped with the delicate environment and adapted our processes for this challenge that has proved very enlightening for us. Indeed, over 65,000 shares have already been registered into the new voting system to date, positively comparing to last year's approximate 61,000. Well done and thank you for playing the game. After our Annual General Meeting, we will assess whether and how to continue such a system. However, I am not quite sure I will keep on making videos for the Annual General Meeting: enough with screens and "social virtuality", back to real, instant direct interactions with people!

Keep safe and good vote

Stéphane Argyropoulos
President of the Board of Directors

FATCA, America's Foreign Account Tax Compliance Act, came into force in 2014, and many individuals, such as international officials who may be internationally highly mobile, may find themselves affected by the status of “US Person for tax purposes“.

Are international officials concerned?

AMFIE Academy is a series of articles on basic themes concerning saving and investing. Past articles have focused on establishing your investor profile, determining the strategy that best corresponds to your investor profile and building a diversified portfolio. The entire series of articles is available on AMFIE’s website at https://www.amfie.org/en/amfie-academy. In this edition, we will review investments in ETFs (Exchange Traded Funds).

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Monique Schalk at WMO in Geneva

Julian Plummer in Korea

Rama Leclerc at WFP in Dakar