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Assogestioni Category: Balanced Bonds
This management line has a low risk profile and a medium-term holding period (36 months). It calls for dynamic management of the equity component aimed at optimising the earnings potential of investment in bonds. Investment is aimed at protecting capital. The bond portfolio is weighted towards euro area securities and has a moderate risk profile in terms of rating and duration. Management of the equity component is weighted towards Italian securities offering good fundamentals in terms of earnings growth, moderate valuations, and high dividend returns.
Minimum recommended assets under management: €500,000
| BONDS |
Up to 95% of invested assets* |
| SHARES | no less than 5% and no more than 20% of invested assets |
| UNITS/SHARES IN CIUs | No more than 40% of invested assets |
| DERIVATIVE INSTRUMENTS | No more than 10% of invested assets |
| Financial leverage |
1 |
| Benchmark | 10% MIB R 65% Merrill Lynch EMU Direct Govt Bonds (1-10 years) 25% Italy Govt Bonds Capitalisation (BOT MTS) |
| Annual management commission: |
1% |
| Performance commission: |
20% of appreciation of investment |
| *: of which investments in structured and convertible debt securities may not exceed 25% |
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