Italian asset manager UBI Pramerica Sgr has expanded its Multiasset Italian Opportunities (MITO) range of funds PIR-compliant launching UBI Pramerica MITO 95.
UBI Pramerica MITO 95, available from 17 May 2018, invests in equities, focusing on micro and macro-economic analysis to determine sectorial weights and the selection of companies with good business models.
The new PIR investment vehicle, which can invest up to 100% of its portfolio in equities, joins the MITO funds range, formed by the multi assets UBI Pramerica MITO 25 and the UBI Pramerica MITO 50, with an equity exposure ranging from 10% to 40%, and from 30% to 70% respectively
The MITO range offers a diversified investment approach and focus on SMEs in Italy. While combining bond and equity investment, it follows an active management style, in compliance with the PIR legislation.