 |
 |
Assogestioni Category: Flexible
A management line with a medium-to-long holding period (60 months) and a moderate risk profile. The product’s risk-return level is a combined function of its exposure to equity markets, which represent a maximum of 30% of assets, the interest-rate volatility of the bond component, and exchange-rate trends. Management aims to achieve balanced investment in equities, bonds, and units of CIUs by setting the percent weight of each investment class according to market growth expectations.
The line calls for the inclusion of Italian and foreign CIUs (including those considered flexible or speculative and those with total return policies).
Minimum recommended assets under management: €2,500,000
(The minimum subscription for speculative funds is €500,000)
| 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 |
| UNITS IN SPECULATIVE FUNDS | No more than 40% of invested assets |
| DERIVATIVE INSTRUMENTS | No more than 20% of invested assets |
| Financial leverage |
1 |
| Benchmark | 25% Merrill Lynch EMU Direct Govt Bonds (1-10 years) 60% Italy Govt Bonds Capitalisation (BOT MTS) 1.5% S&P Global 100 in Local Currency 13.5% MIB R |
| Annual management commission: |
2% |
| Performance commission: |
20% of appreciation of investment |
| *: of which investments in structured and convertible debt securities may not exceed 25% |
|
