TIME IN THE MARKET VS TIMING THE MARKET Market timing is a costly exercise.Dollar Cost Averaging investing strategy mitigates market timing risk by smoothing fluctuating prices. By investing small sums regularly, you buy more units when prices fall, and fewer units when they rise. This is the cost-averaging effect. POWER OF THE COST-AVERAGING EFFECT Reduce risks of exposure to market fluctuations & emotions Fear of an ill-timed investment can lead to hasty decisions. Investing the same amount regularly regardless of market conditions allows investors to be less emotionally affected by market volatility and avoid making rash investment decisions. Potentially lower cost of investmentWith Dollar Cost Averaging, investors buy more units when prices are low and fewer units when prices are high.Over time, the average cost of your investment could potentially be lower, compared to a one-time, lump sum investment Stay invested, smooth out near-term bumps Empirical evidence has shown “Time in the market is more important than timing the market.” In times of market volatility, it is more important to stay invested in the long run and manage risk than maximize returns. Peace of mind with a predetermined planDollar Cost Averaging is a simple plan that invests a fixed sum of money regularly into the same investment over a period of time, regardless of market conditions. For illustrative purposes only. This publication is provided for information purpose only and does not constitute and offer, commitment, advice or recommendation to make a purchase of securities or enter into any such transaction. It may not be distributed to anyone or in any jurisdiction that would make such distribution unlawful.The information contained herein has been obtained from sources believed to be reliable but has not been independently verified, although Amundi and its affiliated companies believe it to be fair and not misleading. Such information is solely indicative and may be subject to modification from time to time. Any opinion or view expressed herein is subject to change without notice. We do not accept any liability whatsoever whether direct or indirect that may arise from the use of information contained in this publication.This publication is not intended for residents or citizens of the United States of America or to any «U.S. Persons», as this term is defined in SEC Regulation S under the U.S. Securities Act of 1933. The information contained in this publication is deemed accurate as of 7 August 2020. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.