BNP Paribas launching inflation-linked product

Structured products

BNP Paribas Asset Management has launched a product designed for investors seeking long-term protect...

BNP Paribas Asset Management has launched a product designed for investors seeking long-term protection from inflation risk. The Parvest Euro Inflation Linked Bond fund has exposure mainly to inflation-proof index-linked bonds denominated in euros, but also invests in other instruments such as floating rate notes (FRNs), money market instruments and short- and medium-term fixed, highly-rated bonds. Patrick Barbe, head of BNP Paribas Euro Fixed Income team, is to manage the portfolio and will asset allocate across all these asset classes to ensure returns exceed inflation. In a sep...