Pramerica SGR launches Flexible Credit Portfolio fund in Italy

Italian asset management firm Pramerica SGR has launched a flexible solution investing mostly in subordinated debt that will focus on the quality of the issuers. Pramerica Flexible Credit Portfolio was launched on 2 September and will be placed until 4 October. In order to estimate accurately the quality of the debt instruments' issuers, the investment team at Pramerica will combine a top-down and bottom-up approach, the firm explained in a note. The Fund, which does not have any benchmark,...