Allfunds extends Oddo’s funds offering to Italian retail investors
Third party fund distribution platform Allfunds Bank has confirmed it has signed an agreement with Oddo Asset Management to distribute to Italian retail investors and financial advisers selected funds managed by the French group.
In Italy, Allfunds will offer 10 funds: Oddo Avenir Europe, Oddo Generation Europe, Oddo Immobilier, Oddo Active Equities €, Oddo Proactif Europe, Oddo Convertibles Taux, Oddo Convertibles, Oddo Commodities Convertibles, Oddo Haut Rendement 2017 and Orsay Arbitrages Actions.
All these funds are already available through Allfunds to institutional investors.
The decision to extend the distribution agreement was driven by Oddo’s experience, fund selection consultant Roberto Fenoglio told Investment Europe.
“Oddo offers strong expertise with manageable size. The company is a good performer in our rankings and is particularly strong on European equities and convertibles, the reason why they selected those funds,” he said.
Despite the current high volatility, Fenoglio added that markets are now waiting for reforms to invest. Moreover, European corporates have come out of the crisis with sound balance sheets.
“This is why we think it’s the right moment to increase our offering with this distribution agreement,” he said.
The same funds are also offered to retail investors by Ifigest Fundstore and IW Bank.