The global asset manager TCW has reached a distribution agreement with CheBanca!- the retail bank of the Mediobanca Group- with the aim at boosting its presence in the Italian market.
The agreement, which entails TCW’s entrance in the Italian distribution market, will enable CheBanca!’s clients to subscribe TCW’s offering, which includes the four bond flagship UCITs strategies.
TCW’s Managing director and head of the UCITs platform in Europe Gian Luca Giurlani, said: “Since the very beginning, we decided to focus on a very selected range of our flagship strategies, privileging the absolute return, unconstrained and emerging markets ones, which are also the ones that Italian investors appreciate the most and that distinguish us in the wide offering of investment products available in Italy. What is more, this very selective approach nowadays gets along well with the evolution of the distribution industry, which is more and more oriented towards a narrow number of products, typified by a high quality of management”.
TCW -with some $200bn (€169.68bn) in AuM- entered the Italian market at the end of 2015, at first addressing exclusively institutional investors.
CheBanca!, the retail bank of the Italian Mediobanca Group, specialises in savings and investments.