Equita, the independent Italian investment bank, and the Credem Group collaborate on a new fund set up by Euromobiliare Asset Management SGR (company of the Credem Group) and managed by Equita SIM, a subsidiary of the Equita Group.
This is a "Euromobiliare Equity Selected Dividend" fund, whose subscription period ended on 28 June with premium income of 229 million euro conducted by the Credem Group networks at its customers.
“The Fund, characterized by a “flexible” type of management, – reads a note – focuses its iInvestments in shares of Italian and European issuers with high dividends”.
The duration has been set at 7 years, while the objective is to increase the invested capital over 6 years.
Andrea Vismara, CEO of Equita, said: "With this initiative we strengthen the link between Equita and the Credem Group, making our multidisciplinary skills available at the service of the customer, and we increase assets under management exceeding one billion euro".
Matthew Ghilotti, Co-Head of Alternative Asset Management and Managing Director of Equita, commented: “The Euromobiliare Equity Selected Dividend fund will benefit from the management skills of the team and Equita's in-depth knowledge of both the domestic and European markets, with the aim of building a portfolio that can annually distribute a variable, non-guaranteed income of up to 3% of the value of the initial share”.
