Expertise
Fixed Income

€48.4 bn AUM
16 Fixed income portfolio managers

Paris, Trieste, Milan
Our offering
We manage a diverse range of actively managed core European bond funds and bespoke mandates, covering global government, investment-grade, high-yield, convertible, hybrid and green bonds.
Our approach
Our approach aims to outperform benchmarks while managing risk. We build balanced portfolios with high-conviction, actively managed positions, ensuring the adequate exposure to interest rate and credit risks. Our managers, supported by in-house analysts, have a strong track record of delivering results.
Institutional fixed income solutions
With deep experience managing institutional portfolios, the team blends total return and benchmark-driven strategies to optimize risk-adjusted performance. For investors that require bespoke, dedicated ESG outcomes, we offer an integrated ESG* investment framework, including proprietary ethical screening and client-specific metrics.
Unbiased, data-driven insights
We collaborate closely with in-house economists and credit analysts who operate entirely independently of portfolio management, ensuring objective insights and continual risk mitigation.

Mauro Valle
Head of Active Fixed Income
Industry experience: 25+ years
Inside Active Fixed Income
Watch Mauro Valle, Head of Active Fixed Income, discuss the investment principles and risk management framework underpinning Generali Asset Management's fixed income capabilities.
*ESG factors are applied exclusively where a fund or a portfolio is classified as Article 8 or 9 under Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector (SFDR)
Source: Generali Asset Management S.p.A. Società di gestione del risparmio (“Generali AM”) as of end Q2 2026 gross of double-counting.


