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Assogestioni Category: Balanced
The management line is aimed at achieving dynamic investment of assets and has a moderate-to-high risk profile and a medium-to-long holding period (60 months). The line’s distinctive trait is its balanced investment in equities and bonds involving dynamic management of the weights of these components through the use of asset-allocation techniques. Management of the equity component is weighted towards Italian securities offering good fundamentals in terms of earnings growth, moderate valuations, and high dividend returns. The bond portfolio is weighted towards euro area securities and has a moderate risk profile in terms of rating and duration.
Minimum recommended assets under management: 500,000 Euro
| BONDS |
Up to 80% of invested assets* |
| SHARES | no less than 20% and no more than 70% 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 | 40% MIB R 45% Merrill Lynch EMU Direct Govt Bonds (1-10 years) 15% Italy Govt Bonds Capitalisation (BOT MTS) |
| Annual management commission: |
1.2% |
| Performance commission: |
20% of appreciation of investment |
| *: of which investments in structured and convertible debt securities may not exceed 25% |
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