Expertise
Fixed Income
Core European fixed income funds and mandates that are active and risk-aware
€48.2 bn AUM
12 SFDR art.8 and 9 funds1
15 Fixed income portfolio managers
Paris, Trieste, Milan
We offer core fixed income funds that span the full risk spectrum and asset classes: government bonds, investment grade, high yield, convertible bonds, and green bonds. Our primary specialism is European exposure.
Our fixed income fund range has a long and successful track record and benefits from our talented team of highly rated portfolio managers and the support of our in-house research. Our investment strategy is focused on generating excess returns vs the benchmark with a reasonable level of risk. Our process is active, high conviction and risk-aware, based on a balanced investment strategies to achieve the right exposure to interest rate risk and credit risk.
The team, who have an extensive history and expertise in managing fixed income portfolios, is also involved in the management of institutional, pension fund or unit linked mandates. Our portfolio managers have extensive skills in combining a benchmarked or total return approach with investment opportunities. They apply their knowledge on a pan-European basis, and have experience in understanding and interpreting market trends and economic and financial events to optimize risk-return according to different client needs.
Finally, our portfolio managers have a close partnership with our best-in-class credit analysts and economists. Our credit analysts do not share portfolio management duties, unlike many of our competitors. We believe this gives us an important edge when it comes to an impartial, detailed and robust patrolling of credit risk.
Mauro Valle
Head of Fixed Income
Industry experience: 25 years
Source: Generali Asset Management S.p.A. Società di gestione del risparmio (“Generali AM”) as of end Q2 2024. Kindly note that on 1 January 2024, Generali Investments Partners S.p.A. Società di gestione del risparmio has been merged by incorporation into Generali Insurance Asset Management S.p.A. Società di gestione del risparmio, changing its name to Generali AM. The figures thus refer to the sum of the AuM of the two entities at the reference date.
1) Generali Asset Management is either the issuer or the delegated investment manager of these funds. Some of the funds promote environmental and/or social criteria as per Article 8 or have sustainable investment as an objective as per Article 9 of the Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector (“SFDR”). For the Funds that do not promote environmental and/or social criteria and do not have a sustainable investment as an objective, investments may in such case include issuers or sectors with a low ESG profile. Before making any investment decision, please read the Key Information Document (KID), the Prospectus / Issuing Document / Private Placement Memorandum, its SFDR Appendix and the SFDR website product disclosures to consider all characteristics, objectives, binding elements of the selection process and methodological limits.
