Neuberger Berman launches three funds in Italy
Neuberger Berman has made three funds available on Skandia Vita platform in Italy, reportedly used by 25 networks of local financial advisers, 15 local banks as well as a series of brokers and insurance agents.
Skandia Vita, part of the Old Mutual Group, is specialised in unit linked.
According to the distribution agreement, the following funds from Neuberger Berman will be available on Skandia Vita from 20 October:
- Neuberger Berman Absolute Return Multi Strategy
- Neuberger Berman Short Duration Emerging Market Debt
- Neuberger Berman US Equity Long Short
These three funds will be part of Neuberger Berman’s broader range including Neuberger Berman Short Duration High Yield, Neuberger Berman China Equity and Neuberger Berman US Real Estate Securities.
Marco Avanzo-Barbrieri, Italy country head at Neuberger Berman, said the launch of the three funds are the best response to a rising interest rates and equity volatility scenario.