Go to Investment Europe homepage
  • Register for Investment Europe
  • Join Investment Europe’s LinkedIn group
  • Follow Investment Europe on Twitter
  • Investment Europe on your mobile
  • Investment Europe RSS feeds
addtextimg

Italy's Azimut launches anti euro break-up fund

  • By: Chiara Albanese
  • 27 Jun 2012
  • Be the first to comment
euro3

Italian asset manager Gruppo Azimut has increased the offering of its Luxemburg-domiciled AZ Fund and launched Global currencies & rates and Bond target settembre 2016.

Global currencies & rates invests in non-euro and emerging market bonds and it aims to take profit in non-euro currency markets, reducing the risk of a euro break-up for investors. The fund focuses on sovreign AAA bonds, uncorrelated to country risk.

Bond target settembre 2016 is part of the ‘Target' group of funds offered by Azimut. It has a four years durations and it only invests in government and sovreign bonds and corporate bonds with investment grade that match its duration.

The portfolio of the fund doesn't have an equity component.

"The investment scenario has changed, and as happened in the past with our fund Solidity we have quickly reacted to changes to meet our clients' needs. The financial crisis is weakening Europe and investors need to diversify their currency risk to defend their purchasing power. AZ Global Currencies & Rates invests in 21 currencies, reducing volatility and minimising the risk of a possbile break-up of the euro," said Stefano Mach, manager at Gruppo Azimut.

The new funds are already available to Italian investors.

Visitors Comment

blog comments powered by Disqus

Market

Regions

European map
Benelux France Iberia Italy Germany Switzerland Austria Emerging Europe Scandinavia UK Ireland

Print Edition

Events

mark-phelps

AB's Phelps to speak on concentrated portfolios in Hamburg

Mark Phelps, head of Concentrated Global Growth at AB, will join InvestmentEurope's Pan-European Fund Selector Summit in Hamburg.

richard-halle-m-g

M&G's Richard Halle and Daniel White to speak in Hamburg

Richard Halle and Daniel White are set to take part in the InvestmentEurope Autumn Pan-European Fund Selector Summit, which takes place in Hamburg 15-17 October.