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| Assogestioni Category | Euro area liquidity |
| Year of inception | January-97 |
| Currency of denomination | Euro |
| Geographical areas | Europe |
| Bearer ISIN | IT0001081956 |
| Benchmark | 100% MTS BoT |
| Goal | Protection of invested capital |
| Holding period | Very short term (4/6 months) |
| Risk level | Low |
| Initial payment | 1,000 € |
| Management commission | None |
| Performance commission | None |
| Fee Cap | - |
| one-year return (31/12/07 - 31/12/08) | 2.78% |
| one-year return of benchmark (31/12/07 - 31/12/08) | 4.01% |
| average annual compound return over five years (31/12/03 - 31/12/08) | 2.25% |
| average annual compound return of benchmark over five years (31/12/03 - 31/12/08) | 2.73% |
AREA OF INVESTMENT
Euro area government securities with short-term maturities.
INVESTOR PROFILE
The type of investment employed makes the sub-fund suitable for investors who expect returns in line with those provided by money markets.
MANAGEMENT STYLE
The portfolio is managed actively and dynamically and may involve deviance from the benchmark. The investment philosophy focuses on macroeconomic research concerning growth expectations, consumer price dynamics, input prices, and the goals and interventions of central banks in the area of monetary policy.
Returns are expressed net of tax expenses, excluding commissions.
Past returns are not indicative of future performance. Benchmark figures are prepared by considering the reinvestment of coupons and/or dividends.
(*)The management fee is calculated daily on the basis of the net asset value of each sub-fund of the SICAV and/or Fund and is deducted from the latter with a value date of the last day of stock exchange trading in each quarter.
This is a translation provided only for your convenience. Only the Italian text has legal value.
