PRIVATE BANKING

Assets Management Mandate
Funds Management Mandate
“Plus” Management Mandate
Mandat “Allocation Evolutive”

"Plus" Management Mandate

Line of management

With the “Plus” Management Mandate, the Bank may invest part of the capital in structured financial products, including alternative management products. The mandate aims at absolute positive investment returns and limitation of risks connected to the volatility of markets.

The mandate is a discretional mandate for dynamic and personalized assets management, which invests mainly in quoted securities and term financial instruments, including alternative management products.  Forwarded transactions, operations of purchase/sale without covert and the use of financial instruments having speculative aims, within the limits of managed assets, are authorized. Leverage operations are authorized within a 10% limit of managed assets.

Financial objectives

The management mandate is suitable for needs defined in accordance with the mandant. It takes into consideration time and sensitivity constraints, and specific requirements expressed by the mandant
Management will be oriented towards a range of different products (quoted securities, term financial instruments, derived funds and instruments), on the basis of market opportunities.
Investments in shares or assimilated products may represent 70% of managed assets and may vary between 40% and 100% according to market opportunities. Up to 40% of managed assets may be invested in structured products and instruments, including alternative management products, with the double aim of limiting the risks connected to volatile financial markets and of seeking positive investment returns.

The portfolio is managed in an active way. Management aims at producing long-term capital gains and takes advantage of the trends of various asset and market categories.

Shares or assimilated products

Investment strategy is related to a specific geographic allocation and a sectorial allocation based upon the analysis of the market conditions and the economic situation.

Individual securities are chosen by following a fundamental and technical valorisation approach in order to individuate investments with the double aim of price and time.

Structured products and instruments, alternative management

Investment strategy is conducted by selecting products featuring non directional evolution, on the basis of their reference markets, and by adopting strategies that aim at profiting from performance differential. Instead, products featuring directional evolution are selected when accompanied by total or partial capital guarantee.

Currencies

Investments made in a different currency from the currency of reference of mandate and that are not covered by the risk of foreign exchange could represent up to 60% of portfolio value.