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Assogestioni Category: Flexible
A management line with a long holding period (over 60 months) and a moderate-to-high risk profile. The product’s risk/return profile is a combined function of its exposure to equity markets, which may represent a maximum of 40% of assets, the interest-rate volatility of the bond component, exchange-rate trends, and, to a more moderate extent, raw materials trends and the implicit volatility of equity markets. Management aims to achieve dynamic investment of assets through a high degree of portfolio diversification using a wide range of financial instruments, including investment classes that are weakly correlated with equity and bond market cycles (hedge funds). The line may invest in other markets, including on an exclusive basis, through equities and/or shares in CIUs..
Minimum recommended assets under management: €2,500,000
(The minimum subscription for speculative funds is €500,000)
| BONDS |
Up to 100% of invested assets* |
| SHARES | No more than 40% of invested assets |
| UNITS/SHARES IN CIUs | Up to 100% of invested assets |
| UNITS IN SPECULATIVE FUNDS | No more than 40% of invested assets |
| DERIVATIVE INSTRUMENTS | No more than 20% of invested assets |
| Financial leverage |
1 |
| Benchmark | Given the line’s flexibility, no benchmark may be identified. |
| Annual management commission: |
none |
| Performance commission: |
20% of appreciation of investment |
| *: of which investments in structured and convertible debt securities may not exceed 25% |
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