Generali Investments Europe, the asset management company of the Italian Generali Group, has launched a new equity fund which focuses on Southern Europe.

Italy'sGenerali Investments Europe, the asset management company of the Italian Generali Group, has launched a new equity fund which focuses on Southern Europe.

GIS European Recovery Equity will have 100 per cent equity exposure and mainly concentrate on Spanish, Italian, Portuguese and Greek equities, Generali said in a statement.

The fund is managed by François Gobron who has 13 years of asset management experience and joined Generali Investments Europe in 2008.

Generali said that the fund has a small/mid-cap bias in its concentrated buy-and-hold portfolio that consists of 35 to 40 core stocks.

“The economies of peripheral Southern Europe are undergoing substantive structural adjustment which has depressed GDP growth over the past several years. With the first signs of recovery we are seeing some very attractive opportunities across the region,” said chief executive Santo Borsellino. (Borsellino was appointed to his role in June last year. For more on this, see here.)

Generali Group is also the owner of Switzerland-based BSI, the private bank.