MILAN, July 22 (Class Editori) - Credito Emiliano from Reggio Emilia, the first Italian private bank, is focusing on China. A new boost to the activities in Asia - that Maramotti family, the reference shareholder of the group, has already been developing for decades - is coming from a partnership between Euromobiliare Asset Management SGR, the asset management company of the Credem group, with Fidelity International, one of the most renowned investment companies worldwide.
From the agreement, the Euromobiliare Fidelity China Evolution has been established. It aims at seizing opportunities in the long term, which are offered by the growth of companies related to innovation, technology and domestic consumption development.
Euromobiliare Fidelity China Evolution is characterized by a flexible management, it can be signed from Today to August 4 and Fidelity International has been delegated to manage it.
Fidelity International has been chosen due to its effective experience on investments in the Chinese market, also supported by its presence in Asia with nine offices: 22 specific analysts on China and 50 analysts on the Asian region.
“With this fund we wanted to offer our customers the opportunity to have access to a market with wide growth and development outlooks, exactly as the Chinese market”, Andrea Dolsa has explained, general executive director and investment director of Euromobiliare AM SGR. “By delegating Fidelity International, we wanted to guarantee to our distribution networks and to our savers the access to the best management skills in this sector”.
“The historical partnership between Fidelity and the Credem group is based on the common intention to provide tools to investors which would allow them to look at the future and seize the best opportunities of investment, in constantly evolving markets and sectors”, as Cosmo Schinaia- country head for Italy of Fidelity International- has added.
This long-term common vision has led Euromobiliare SGR to become the first in Italy to invest in this project. Euromobiliare SGR clients might rely on a management and research team, with the headquarter in China, and therefore able to directly communicate with companies in order to identify the best investment ideas.
Moreover, in Italy, Euromobiliare SGR will be constantly supported by a structured team able to follow the customer in all the service stages.
In the last 20 years, China has been protagonist of a strong economic growth, which has led it to become the second global economy and take a key role in many sectors, also thanks to the technologic process of development in the country, business and social reforms and the openness towards foreign countries.
With 900 million Internet users, China can boast the largest web population worldwide. In addition, this data is translated into a global leadership in the e-commerce sector, with a rate by 25% of the total sales in 2019 and an annual growth rate even higher than 20%. Talking about technology and development regarding the Chinese market does not mean talking exclusively about internet, but also innovation in the biomedical, green economy, smart building and education field.
(Source:Class Editori)
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