The Spotlight | Generali Investments

Cautious and tactical in Euro bonds| Interview with Mauro Valle, Head of Fixed Income at Generali Investments Partners

February 10, 2022 Generali Investments Season 1 Episode 66
The Spotlight | Generali Investments
Cautious and tactical in Euro bonds| Interview with Mauro Valle, Head of Fixed Income at Generali Investments Partners
Show Notes Chapter Markers

PLEASE BE AWARE THAT THE CONTENT OF THIS PODCAST IS A MARKETING COMMUNICATION ONLY FOR PROFESSIONAL INVESTORS IN AUSTRIA, GERMANY, SPAIN, FRANCE, GREAT BRITAIN, ITALY, LUXEMBOURG AND NETHERLAND. 

Mauro Valle, Head of Fixed Income at Generali Investments Partners, covers his outlook on ECB rate hikes and inflation, Italian BTPs and explains why it’s important to be ready to add risk even in uncertain times.

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Marketing communication relating to GIS Euro Bond and GIS Euro Bond 1-3 Years. Only for professional investors AT, DE, ES, FR, GB, IT, LU and NL. It is not addressed to retail investors or to any US Person.

GIS Euro Bond and GIS Euro Bond 1-3 Years are a subfunds of Generali Investments SICAV (an investment company qualifying as a “société d’investissement à capital variable” with multiple subfunds under the laws of the Grand Duchy of Luxembourg) managed by Generali Investments Luxembourg S.A. who appointed Generali Investments Partners S.p.A. Società di gestione del risparmio as investment manager and issue this communication. The subfunds are authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF).  

The information contained in this document is only for general information on products and services provided by the asset management companies belonging to the multi-boutique platform of the Generali Group, coordinated by Generali Investments Partners S.p.A. Società di gestione del risparmio. It is not linked to or it is not intended to be the foundation of any contract or commitment. It shall not be considered as an explicit or implicit recommendation of investment strategy or as investment advice. Before subscribing an offer of investment services, each potential client shall be given every document provided by the regulations in force from time to time, documents to be carefully read by the client before making any investment choice. Generali Investments Partners S.p.A. Società di gestione del risparmio relieves itself from any responsibility concerning mistakes or omissions and shall not be considered responsible in case of possible damages or losses related to the improper use of the information herein provided. Past performance is not a guarantee of future performance and investing in the mentioned funds and sub-funds presents a risk of loss of capital. It is recommended to look over the regulation, available on our website www.generali-investments.com. The offering documentation is available at any time, free of charge and in the relevant languages on our website (www.generali-investments.com), on Generali Investments Luxembourg S.A. (Management Company of Generali Investments SICAV) website (www.generali-investments.lu), and by distributors. Please note that the Management Company may decide to terminate the arrangements made for the marketing of the relevant sub-fund in accordance with Article 93 bis of Directive 2009/65/EC and with Article 32 bis of Directive 2011/61/EU. For a summary of your investor rights and guidelines related to an individual or collective action for litigation on a financial product at EU level and in your country of residence, please refer to the offering documentation of the sub-fund as well as the Information Document contained in the section ‘About Us’ at the following link: www.generali-investments.com and www.generali-investments.lu. A hardcopy of the offering documentation may also be requested to the Management Company, free of charge. Generali Investments is part of the Generali Group which was established in 1831 in Trieste as Assicurazioni Generali Austro-Italiche. Generali Investments is a commercial brand of Generali Investments Partners S.p.A. Società di gestione del risparmio, Generali Insurance Asset Management S.p.A. Società di gestione del risparmio, Generali Investments Luxembourg S.A. and Generali Investments Holding S.p.A. 

 

Turning to the Eurozone, consumer price inflation has hit a record 5.1% and the Russian-Ukraine tensions may impact energy prices significantly. Will the ECB be forced to raise rates in 2022 as a result?
Markets breathed a big sigh of relief following the re-election of Sergio Mattarella as Italian president at the end of January. Could you explain what the impact has been on Italian BTPs and the outlook for the Italian economy?
In such an uncertain environment, how can European bond investors balance risk and reward? How are you managing your portfolios in this scenario?