French asset manager OFI AM has launched flexible multi-asset fund OFI RS Equibre in Germany and Austria. It will be managed by Magali Habets and Jacques-Pascal Porta.
The strategy invests flexibly in Eurozone bonds and equities, including convertibles and money market securities. The proportion of shares in the portfolio can vary between 0-60% and that of bonds between 0-100%. Currently, 30.12% are in equities and the remainder are in fixed income securities (as at 31 March 2019). Government bonds have the top position in the sector weighting with 19.1%. In second place is the banking sector with 4.7% bonds and 6.9% shares, followed by the capital goods and services sector with an allocation of 3.7% bonds and 6.9% shares (as at 31 March 2019).
The objective of fund management team is to generate a higher return than the benchmark index over any three-year period, with volatility of less than 10% per annum. The benchmark is composed of the following indices: Euro Stoxx Index (weighting: 30%), Bofa Merrill Lynch Euro Government Index (47%) and Markit Iboxx Euro Liquid Corporate Index (23%).
In selecting their stocks, fund managers combine a fundamental analysis with Socially Responsible Investment (SRI) criteria.