Generali Group Launches Two New UCITS-Compliant Funds

Oct 29 2015 | 8:56pm ET

Italian insurance company Generali Group has launched two new UCITS-compliant funds that will focus on absolute return and investment opportunities associated with an ageing population, respectively.

Domiciled in Luxembourg as sub-funds of Generali’s SICAV, the new vehicles will be managed by the company's asset management arm, Generali Investments, from the firm’s Paris office.

The GIS Absolute Return Convertible Bonds fund will be managed by Brice Perin and will focus on a global convertible bond strategy with a special emphasis on European issuers. The dedicated convertible bonds investment team manages over €950 million across open ended funds and segregated mandates.

The GIS SRI Ageing Population fund is a unique vehicle that will be managed by Mattia Scabeni. The fund will focus on European investment opportunities that will arise due to demographic changes such as lower birth rates and longer life expectancies that will result in the over-60 age bracket owning a proportionately larger share of total income in developed nations. The fund therefore combines a long-term demographic trend with a fundamental equity investment theme, according to the company. 

Moreover, the fund will screen stocks for environmental, social and governance criteria in addition to looking for those with exposure to healthcare, pension & savings and consumer goods. The fund manager will then use proprietary fundamental valuation models to select companies and create a portfolio of around 50 stocks.

 “As part of Generali Investments’ ambition to become a world-class investment brand and the preferred choice for our clients, we have initiated a robust plan to develop our business dedicated to third-party investors, based on our strongest expertise areas,” said Andrea Favaloro, Head of Sales & Marketing at Generali Investments, in a statement.

“The two new funds demonstrate our commitment to executing this plan, taking advantage of some of our most outstanding capabilities, including our credit research, macro research, SRI analysis and stock-picking,” he added.

One of the largest asset managers in Europe, Generali Investments had approximately €375 billion of assets under management as of end of June 2015.

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