Balanced funds: double-digit performance

Part of the pickup in asset management performance in the third quarter of the year (net investments positive by 9.5 billion, according to Assogestioni) was generated by balanced funds. In September, balanced funds recorded inflows of 1.8 billion euros, greatly in excess of +643 million in the previous quarter. Such confidence was rewarded by the performance of the top 10 funds of this kind, which generated double-digit returns. Among the reasons behind this success, the Eurizon’s Head of Italian Equity, Francesco de Astis, points out the major contribution made by del “domestic large caps segment, followed by the global equity component and by Italian mid caps”. By sector, de Astis reported, a preference was awarded to defensive and interest-sensitive stocks in the opening part of the year, and subsequently “a rotation was implemented to the advantage of cyclical and financials with appealing valuations. We are currently overweighting the banking sector, while taking a selective approach to cyclical assets”.


“Per un mix di rendimenti” – Milano Finanza, 23 November 2019



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