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Mediolanum expands its equity range with 3 new thematic funds
Investment Funds

Mediolanum expands its equity range with 3 new thematic funds

The new fund launches provide clients with access to different economies, sectors and investment themes”, said the Business Director of MIFL.
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13 JUN, 2023

By RankiaPro Europe

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Mediolanum International Funds Ltd (MIFL), the European asset management platform of the Mediolanum Banking Group, has announced the launch of three multi-manager funds with an active approach to add to its growing range of products. These are Mediolanum Best Brands Future Sustainable Nutrition, an "Article 9" fund under the SFDR; Mediolanum Best Brands Global Equity Styles Selection and Mediolanum Best Brands India Opportunities.

Mediolanum Best Brands Future Sustainable Nutrition is an equity fund that aims for long-term capital appreciation by investing in companies that will be instrumental in the transition to a more sustainable food value chain: from production through processing to distribution and consumption.

As part of MIFL's multi-manager approach, the fund will delegate to Pictet and BlackRock, chosen for their expertise and long track record of performance in incorporating ESG factors into their investment process. Pictet will invest in companies that produce high-quality food, distribute it efficiently and minimize waste, while BlackRock will invest primarily in those that actively contribute to the decarbonization of the food chain while offering more sustainable and healthier food choices.

The strategy, classified as an Article 9 fund under the Sustainable Finance Disclosure Regulation (SFDR), expands MIFL's range of ESG-focused investment vehicles, of which Mediolanum Best Brands Global Impact, Mediolanum Best Brands Energy Transition and Mediolanum Best Brands Circular Economy Opportunities (all Article 9 funds) are already part.

Mediolanum Best Brands Global Equity Styles Selection is an international equity fund that will provide equal-weighted exposure to the three main investment styles - growth, quality, and value - by investing in high-conviction strategies representing the "best ideas" of the most specialized managers. As different phases of the economic cycle tend to favor different types of companies, implying a variety of investment styles, MIFL aims to generate long-term capital appreciation by diversifying across styles in a single fund.

The growth segment of the fund will be managed by Artisan Partners and Axiom Investors, the value segment by Pzena and Sanders Capital, and the quality segment by GuardCap and Pinestone. These investment boutiques have been chosen both for their strong track records and for the specific set of skills they possess in their respective investment style.

Mediolanum Best Brands India Opportunities is an equity fund focused on a specific geographic region through which MIFL seeks to achieve long-term capital appreciation by investing in the world's fastest-growing economy, benefiting from its demographic evolution and macroeconomic trends.

This fund will initially delegate to three managers: Goldman Sachs, Nordea, and 360 ONE, who have been chosen for their extensive track records and investment experience in the country. Goldman Sachs offers exposure to the full spectrum of market capitalization; Nordea follows a strategy of investing in undervalued stocks; and 360 ONE takes a flexible approach between more cyclical and defensive stocks.

The Mediolanum Best Brands Future Sustainable Nutrition fund will be managed by Senan O'Sullivan, equity portfolio manager at MIFL. The Mediolanum Best Brands Global Equity Style Selection fund will be managed by Giorgio Carlino, head of multi-manager. The Mediolanum Best Brands India Opportunities fund will be managed by Patrick McKenna, equity portfolio manager.

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