Capital Group has announced that Banca Generali recently selected five strategies among the range of CG funds to be included in the offering of BG Stile Libero unit linked.
Italian retail investors will be able to access a variety of the company’s funds: a selection of Capital Group’s developed equity, emerging market multi-asset, and high-yield strategies will be available through the platform.
Banca Generali, a leading bank in Italy per AUM, had €36.6bn under management as at 31 December 2014 and serves more than 250,000 clients.
Grant Leon (pictured), senior vice president at Capital Group, said: “This is a very important milestone in Italy and underlines our commitment to a priority market in our European distribution strategy. We continue to see Italy as a key focus in Capital Group’s expansion in the region and, by working with Banca Generali, we are extending our reach through financial advisory and private banking networks.
“This new relationship complements our work with existing partners and will ensure that a broader range of Italian investors are able to access funds that provide them with long-term growth, low volatility and proper risk diversification.”