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Assogestioni Category: Balanced Bonds
A bond management line with a medium-term holding period (36 months) and a moderate risk profile. The line is aimed at balanced investment in order to achieve capital growth through both European corporate and government bonds and equities (the latter representing between 5% and 30% of assets). 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 euro area securities offering good fundamentals in terms of earnings growth, moderate valuations, and high dividend returns.
Minimum recommended assets under management: 500,000 Euro
| BONDS |
Up to 95% of invested assets* |
| SHARES | no less than 5% and no more than 30% of invested assets |
| UNITS/SHARES IN CIUs | No more than 40% of invested assets |
| DERIVATIVE INSTRUMENTS | No more than 20% of invested assets |
| Financial leverage |
1 |
| Benchmark | 15% Dow Jones EuroStoxx 50 55% Merrill Lynch EMU Direct Govt Bonds (1-10 years) 30% 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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