JP Morgan Asset Management, one of the most important management companies at an international level, focuses on PIRs and launches the JPM Multi-Asset PIR Fund, a new product specifically designed for the Italian market, available with both accumulation and a-classes quarterly distribution of dividends. It is a balanced sub-fund made up of 50% shares and 50% bonds. The fund, as established by law, invests 70% of assets in equity and debt securities issued by companies based in Italy or in an EU member state but with a permanent establishment in Italy.
At least 30% of these securities are made up of shares or bonds issued by companies that are not part of the FTSE MIB index. The remaining 30% of assets are invested in global bonds. The new sub-fund has an aggressive risk profile, classified with a level 5. Lorenzo Alfieri, Country Head for Italy of JP Morgan Asset Management, declares “PIRs represent a new and interesting opportunity not only for small investors, but also for the asset management industry. For this reason we have developed and built a completely new product, specifically designed to meet the needs of the Italian market, not limiting ourselves to adapting the investment strategy of an existing fund. With this new product, we intend to make our excellent and proven experience in investing in Italian and European small and mid caps available to investors".
