Cookie settings
Picture
Contactez-nous
Picture

Not bound by Bunds: Why peripheral bonds could be key to unlocking alpha

En bref

In turbulent times, active management is crucial. Despite the high levels of volatility in European sovereign bonds year-to-date arising from Russian invasion of Ukraine and higher ECB interest rates, the Generali Investments SICAV(GIS) Euro Bond sub-fund has outperformed the benchmark. This is thanks to a highly active approach to duration management and diversified exposure that includes a significant allocation to peripheral European countries as well as to inflation-linked bonds.

In this article, we explain

  • How Mauro Valle nimbly adjusted portfolio duration in response to major market events in 2022
  • Why peripheral European government bonds from Italy and Greece present pockets of value
  • How diversified European government bond exposure can provide a hedge against volatility and offer defensive, risk-adjusted returns
  • How the GIS Euro Bond sub-fund has outperformed versus the benchmark throughout a negative-yielding environment

 

Mauro Valle_GIS Euro Bond.pdf
Notre Offre
Investissement Responsable
Actualités
Nous Connaître
Contactez-Nous
Picture
Picture
Picture

© Generali Investments, tous droits réservés. Ce site web est géré par Generali Investments Holding S.p.A. en tant que société holding des sociétés de gestion d'actifs du Groupe Generali ayant, directement ou indirectement, une participation majoritaire dans les sociétés énumérées ci-dessous (ci-après dénommées conjointement "Generali Investments"). Ce site web peut contenir des informations relatives à l'activité des sociétés suivantes : Generali Asset Management S.p.A. Società di gestione del risparmio, Infranity, Sycomore Asset Management, Aperture Investors LLC (y compris Aperture Investors UK Ltd), Plenisfer Investments S.p.A. Società di gestione del risparmio, Lumyna Investments Limited, Sosteneo S. p.A. Società di gestione del risparmio, Generali Real Estate S.p.A. Società di gestione del risparmio, Conning* et ses filiales Global Evolution Asset Management A/S - y compris Global Evolution USA, LLC et Global Evolution Fund Management Singapore Pte. Ltd - Octagon Credit Investors, LLC, Pearlmark Real Estate, LLC ainsi que Generali Investments CEE. *Englobe Conning, Inc, Conning Asset Management Limited, Conning Asia Pacific Limited, Conning Investment Products, Inc, Goodwin Capital Advisers, Inc (désignés comme "Conning").

Informations juridiques
Politique en Matière de Cookies
Politique de Confidentialité
Conditions Générales
Droits d’Auteur
Gender equality index
Glossaire