Generali Investments launches global multi-asset income fund

Generali Investments, the asset management arm of Italy’s Generali Group, has launched a global multi-asset income fund, which aims to generate a stable payout while also growing capital.

The Generali Investments Sicav Global Multi Asset Income fund is targeting a distribution of around 4% gross per year which will be available on a quarterly basis.

It will be managed by the firm’s multi-asset team, which is headed by Cédric Baron who, prior to joining Generali in 2016, was senior portfolio manager at Lyxor AM, where he ran the Absolute Return Multi-Assets fund range.

Cautious growth

Generali Investments, said the strategies to be employed by the fund would aim to meet most investors’ concerns, which it identified as a smooth investment path with some level of protection in falling markets, real returns with lower volatility than global equities, and positive returns regardless of market direction.

Income will be generated through a mix of dividends, coupons and options’ premiums, mainly call options.

“With yields at an all-time low and volatility back on the agenda, our clients are increasingly asking for sound investment strategies capable of delivering returns without concentrating market risks in one single asset class,” said Santo Borsellino, chief executive of Generali Investments.

“Leveraging on a robust asset allocation process and on the strong expertise of our macro-research and fixed income teams, the GIS Global Multi Asset Income provides the necessary flexibility to benefit from attractive opportunities in different asset classes, without taking unwanted and unneeded concentration risks,” he said.

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