Fund Update · Italian Equity PIR Fund
Italian Equity PIR Fund - December 2023
· Portfolio Management · Italian Equity PIR Fund
Summary
The ultimate goal of the Fund is to achieve long-term capital growth by outperforming its benchmark. This portfolio has been built to be compliant with a PIR strategy, which grants investors considerable fiscal benefits provided some criteria are met.
To ensure a higher level of diversification, the Fund is invested almost half into the benchmark, and for the remaining part into stocks picked by the team according to fundamental analysis and macroeconomic view. Stock picks are balanced between blue chips and mid-small companies. The best picks chosen by the team are overweighted to reach 5.00%, whereas a 2.00% weight is assigned to the new entries stocks with high potential chosen from Euronext Growth (consistently with the PIR regulation) to limit the exposure to their liquidity risk. The allocation is built by following a dimensional diversification as well as a sectorial one.
Authors
- Caterina BeorchiaPortfolio Manager
- Daniele BiondiPortfolio Analyst
- Lodovico Del RePortfolio Analyst
- Vittorio GaravelliPortfolio Analyst
- Jacopo PrevedelloHead of Asset Management
- Matteo ConsalvoHead of Portfolio Management
Details
- Published
- 23 December 2023
- Division
- Portfolio Management
- Fund
- Italian Equity PIR Fund
- Type
- Fund Update
- Pages
- 15
- Authors
- 6
Cite this report
Minerva Investment Management Society (2023). Italian Equity PIR Fund - December 2023. Portfolio Management. https://minervaims.org/archive/italian-equity-pir-fund-december-2023
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