Independent specialist asset management firm Unigestion is expanding its presence in the Italian market through a partnership with Allianz Bank Financial Advisors, the private banking arm of Allianz Group.
The collaboration will see the Italian financial advice company offer Unigestion’s multi-asset capabilities to its customers.
The investment product had only been available to institutional investors.
The Swiss firm has been targeting Italian intermediaries since 2017, considering that the Mediterranean country is one of its most important Southern European markets.
Returns in all conditions
The Uni-Global – Cross Asset Navigator offers returns of cash 5% gross of fees “across all market conditions”, Unigestion said, and a target volatility of 6%.
Allianz will distribute the asset manager’s offering through Unigestion’s internal fund, X-team Unigestion Navigator.
It will also be available via the Unit Linked Challenge Pro platform, provided by Allianz Group wholly-owned Irish life assurance subsidiary Darta.
Andrea Di Nisio, head of Southern Europe intermediaries at Unigestion, said: “This shows a continued demand for innovative nimble multi asset approaches that can help investors in the current environment of low interest rates and slower economic growth.
He added that the “systematic inputs of our proprietary macro indicators ‘Nowcasters’, combined with the qualitative assessment of market sentiment and valuations by our discretionary PMs” gives a rare investment capability to “navigate effectively through all market conditions.”
