Natixis launches Souverains Euro fund in Italy
Natixis Asset Management has launched in Italy Natixis Souverains Euro, a eurozone sovereign bond fund managed by Olivier de Larouzière, head of euro fixed income management at the firm.
The investment objective of this SICAV fund is to outperform its representative index of eurozone government bonds of all maturities, over an investment period of at least 3 years.
The fund rewarded a cumulative return of 11.57%, 21.97% and 54.24% over a 3, 5 and 10-year period.
The fund was launched in 1994, and uses as a benchmark JP Morgan EMU Global.