"Subordinated bonds and bail-ins: risk or investment opportunity" is the theme of the third Financial Aperitif organized on Thursday 10 November at 18 pm by the Private Banking Division of Banca del Fucino in Milan at its headquarters in Via Monte di Pietà 30.
The portfolios of Italian customers are characterized by a preponderant weight of bonds and in a market context characterized by low interest rates it is advisable to seek and evaluate diversification into higher yielding asset classes. Among these, the subordinated sector deserves particular attention, which will see growth linked to Basel III/Solvency II. This is a type of instrument characterized by significant profitability and with specific and analyzable risk factors.
There are around 3.300 issues denominated in the main currencies on the global market for an issued amount of around 1.500 billion euro. These instruments are used in many bond sectors, and there are also specialized sectors placed in Italy by three main operators.
Marco Cecchi, Head of Fixed Income Italy of Pioneer Investment Management and Antonio Ruggeri, co-manager of the Oyster European Corporate Bonds and Oyster European Subordinated Bonds sub-funds of Syz Asset Management will discuss the topic. The round table will be moderated by Carletto Biolcati, Portfolio Advisory of Banca del Fucino.
