Threadneedle launches Multi Asset Target Alpha fund in Italy
Threadneedle Investments has launched in Italy its fund Threadneedle (Lux) Multi Asset Target Alpha, a mixed-assets absolute return fund managed by Toby Nangle and Matthew Cobon.
Initially launched in September, Threadneedle’s fund offers global exposure across a range of asset classes with the aim of producing positive returns in all market environments.
The fund uses active allocation decisions with an unconstrained, high conviction, flexible approach to exploit pricing differences between asset classes whilst seeking to contain downside risks.
It invests in traditional securities like equities, bonds and currencies worldwide and may also gain indirect exposure to commodities, property or other assets through other funds or by using derivatives. The fund’s target return is 3 month USD LIBOR + 5% per annum.
The fund also aims to reduce downside risk and control volatility to an absolute target of 6-10% annualised.