Allianz Bank Financial Advisors, the Italian bank of Allianz Group, has signed an agreement with MFS Investment Management to distribute some of its funds through the bank's insurance platforms in Italy. Through the deal, Allianz Bank Financial Advisors has made available to Italian retail investors the MFS Meridian Funds - Prudent Capital Fund through Unit Linked Challenge Pro and Challenge Private, the platforms of Allianz's Darta Saving Life Assurance dac.
Prudent Capital Fund takes a careful approach to security selection, following a disciplined strategy of investing in both equity and debt securities of quality businesses, with the flexibility to use other instruments, such as cash and derivatives, to help mitigate downside risk by reducing the overall market exposure.
The fund's investment objective is to seek total return over a full market cycle, focusing on capital appreciation without being constrained by benchmark, regional or market capitalisation.
The portfolio's investment composition is in the region of 50% to 90% global equity, 0% to 40% cash or short-term equivalents and 10% to 30% global credit. It is run by portfolio managers Barnaby Wiener, David Cole and Edward Dearing.
Mario Ruta, head of Sales Network for Allianz Bank Financial Advisors said: "At Allianz Bank, we are steadily focused on our clients' needs, and we aim to provide them the best catalogue in the market as we seek out the most attractive assets available worldwide.
"We look forward to working with the team at MFS as we bring investors this new fund, which strikes the right balance between wealth preservation and wealth creation."
Andrea Baron, managing director, Italy for MFS Investment Management added: "We are pleased to collaborate with Allianz Bank by bringing MFS Meridian Funds - Prudent Capital Fund to its network of financial advisers, comprised of more than 2,300 professionals.
"Prudent Capital makes decisions with discipline, focus and contrarian conviction, based on the fundamentals and unaffected by market noise or benchmark-driven behavioural risks, so it is a popular strategy among investors who prioritise long-term total returns."