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Assogestioni Category: Bonds
A bond management line with a medium-term holding period (36 months) and a low risk profile. Investment is aimed at protecting capital by buying debt securities issued by companies and government securities, primarily denominated in euro.
The risk associated with this type of management is related to interest-rate volatility, which has an influence on the performance of the securities in which the line invests and the quality of the type of issuer.
Minimum recommended assets under management: €500,000
| BONDS |
Up to 100% of invested assets* |
| SHARES | … |
| UNITS/SHARES IN CIUs | No more than 30% of invested assets |
| DERIVATIVE INSTRUMENTS | … |
| Financial leverage |
1 |
| Benchmark | 80% Merrill Lynch EMU Direct Govt Bonds (1-10 years) 20% Italy Govt Bonds Capitalisation (BOT MTS) |
| Annual management commission: |
0.5% |
| Performance commission: |
20% of appreciation of investment |
| *: of which investments in structured and convertible debt securities may not exceed 25% |
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