BNP Paribas IP multi-asset fund posts good performance in Italy
BNP Paribas Investment Partners’ Parvest Diversified Dynamic,a flexible, multi-asset fund part of BNP Paribas IP’s Parvest Sicav is proving very successful in Italy, portfolio manager Mossetto explains.
The fund, which was launched in 1998 and has changed its investment process in 2010, is exposed to equity, bonds and diversified assets.
As fund manager Andrea Mossetto explained in a video interview to Italian website Bluerating, Parvest Diversified Dynamic is exposed to European, American, Japanese and emerging market equity; while on bonds, it will look more at European, US and EM government bonds.
As per diversified assets, the new fund invests in corporate bonds and European high yields, as well as commodities and volatility.
In terms of asset allocation strategy, the new fund aims at defining portfolio risk.
“We have identified a portfolio risk with volatility of about 7.5% and we have set a fixed risk contribution for each asset class,” Mossetto has told Bluerating.