(Opalesque) BNP Paribas Asset Management (BNPP AM) announces the launch of Parvest Global Equity Absolute Return Strategy (Parvest GEARS), a sub-fund of the Parvest UCITS V SICAV registered under Luxembourg law. With equity valuations considered expensive at current market levels on a range of measures, many investors are increasingly looking for absolute return strategies that have a low correlation with underlying markets and have the ability to generate alpha regardless of market direction.
BNP Paribas Asset Management launches Global Equity Absolute Return Strategy
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