Italian firm launches go-anywhere bond fund
The Genoa-based group has launched a bond fund without benchmark to maximise its flexibility.
Markets
by Emily Blewett on Jan 04, 2013 at 15:07
Italian firm Carige Asset Management has launched a flexible bond fund that is not benchmark constrained and can invest across different debt issuers.
Launched on the 1st January, the Carige Obbligazioni Cedola will be managed by Giovanni Tortorolo who already manages the Carige Breve Termine fund, previously named the Carige Monetario Euro fund.
The fund can invest in government, corporate, emerging market and high yield debt and is launched at a time when there is increased demand amongst investors for diversification and flexibility in an asset class that has been marked in the past year by record low yields.
Based in Genoa, the firm is the asset management arm of Italian bank Gruppo Carige and manages a total of €4.4 billion.
It has a record in managing absolute return funds, such as the Carige Total Return 1 fund and the Carige Total Return 2 fund, that have similarily off-benchmark exposure and can invest across asset classes.
The Carige Obbligazioni Cedola fund is domiciled in Italy and can be sold across Europe through its Ucits-compliant structure.
Today's top headlines
More about this:
Look up the funds
Look up the fund managers
More from us
- Vontobel broadens sustainability range with equity fund launch
- US firm bolsters European presence with multi-fund launch
- UK specialist launches Alt Ucits fund
Archive
Read more...
Henderson tech stars sell out of social media plays
by Chris Sloley on May 17, 2013 at 14:45
leave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.