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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 Italian equities (the latter representing between 10% and 40% 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 Italian 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 90% of invested assets* |
| SHARES | no less than 10% and no more than 40% 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 | 20% MIB R 55% 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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