Paris-headquartered BNP Paribas Asset Management will proceed to the merger of the FCP BNP Paribas Obli Inflation into the Parvest Bond Euro
Inflation Linked fund, a sub-fund of BNPP AM’s Luxembourg-domiciled Parvest range, InvestmentEurope has learned.
The operation will take place on 7 September 2018, the French manager seeking to streamline its fund range.
The BNP Paribas Obli Inflation fund had €18.8m of assets under management as of 19 July 2018 while these of the Parvest Bond Euro Inflation Linked fund reached €178.47m as at 20 July 2018.
Claude Guérin took over the management of both funds in June, shortly after it was announced six members of BNPP AM’s European fixed income team, including ex-European fixed income head Patrick Barbe, were to exit the firm.