The three great management companies together administer assets of almost $3bn, are represented in all the countries in which they invest, and employ more than 3500 fund managers and analysts.
The added value of this offer comes from the synergy between their quality management research and the ability of Mediolanum to choose managers, coordinate their work and provide top quality consultancy services to clients.
The Global Selection Funds and the Global Stock Fund of Funds are the first products issued by this agreement and are just the start of an investment strategy that will see the creation of other funds that, under the supervision of Mediolanum International Funds, will be proposed to clients in the future.
The Banca Mediolanum Family Bankers are now making available the following three fund of funds, all “global stock” because they cover all markets with regard to regional, sector, management style or capitalisation limits:
Mediolanum BlackRock Global Selection allows investment in a range of BlackRock funds managed by qualified professionals.
One of the features of BlackRock management is its “core-satellite” approach, where the key component, the “core”, of the portfolio is invested in the principal share markets of developed countries (such as USA, Europe and Japan). The complementary component, the “satellite”, aims at greater dynamism and is focused on sector diversification, choice of emerging markets and use of flexibly-managed products
Mediolanum JPMorgan Global Selection invests largely in a selection of JPMorgan Asset Management funds. The investment is dynamic because each fund which comprises it is actively managed and because the selection of funds is made using a flexible approach aimed at making the most of all the best opportunities, irrespective of where they are identified. Each individual fund, and thus the whole fund of funds, invests in successful corporations with strong growth that is sustainable in the longer term.
Mediolanum Morgan Stanley Global Selection invests in the best Morgan Stanley funds, diversified by geographic area and management style.The defining of all these investment funds is achieved through quantitative analysis by sector professionals, and though specific short-term tactical choices by the management team. The active and dynamic management also makes the most of alternative investment opportunities.
Ennio Doris, President of Banca Mediolanum: "The Global Selection Funds have been achieved through the agreements with three of the biggest companies in the world: BlackRock-Merryll Lynch, JPMorgan Asset Management and Morgan Stanley. This enables us to offer our clients products designed specifically with them in mind and which are the best that each individual management company produces"
Andrea Viganò, Head of Southern Europe di BlackRock: "We are very excited about this new collaboration with the Mediolanum Group. For us, and for investors throughout Europe, it represents a fantastic opportunity. We are certain that our excellent management skills, together with the extraordinary consultancy experience that Mediolanum has, will bring outstanding results!".
Massimo Greco, Managing Director, JPMorgan Asset Management Italia: "We are privileged to have begun this journey with Banca Mediolanum through the agreement between to entrepreneurial companies with one common objective: the achievement of excellence through the best investment solutions".
Vittorio Ambrogi, Manager, Southern Europe, of Morgan Stanley Investment: "We are proud of the agreement reached with Mediolanum, a prestigious and innovative financial group with more than 25 years’ experience in the market. This European partnership will enable us to develop and create products to meet the needs of an ever more sophisticated client base that is always on the lookout for the best financial opportunities".
Valencia, 12 March 2008
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