Generali Investments unveils new fixed income fund
Generali Investments will launch the Generali Investments Global Solutions Fund – Bridge 2021 on 8 April 2016.
The Luxembourg domiciled strategy seeks to distribute a fixed annual coupon in the first four years (2016-2020) and a floating coupon during the fifth year (2021) while seeking to preserve capital at maturity.
The Bridge 2021 diversified bond portfolio will invest in around 30-40 debt securities denominated in euro or US dollars issued by developed and emerging countries (up to 20% of its assets under management).
These debt securities can be non-investment grade debt securities at a maximum of 60% of AUM and can be rated above or equal to CCC+.
Generali Investments said the fund may also invest in non-euro denominated assets (up to 10% without currency hedging) and may use derivatives such as credit default swaps for the purpose of hedging risks and for efficient portfolio management.
The fund will be managed by Fabrizio Viola who has been working for the past nine years in the fixed income credit team.
Viola is also in charge of managing corporate bond portfolios of third-party clients, as well as of insurance companies owned by Generali group.