BNP launch protects against inflation risk

0BNP Paribas Asset Management has launched an inflation-linked bond fund designed for investors who are seeking long-term protection from inflation risk. The Parvest Euro Inflation Linked Bond fund invests mainly in inflation index-linked bonds denominated in euros, but also other instruments such as floating rate notes, 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 fund. His investment philosophy is to manage actively with a view to making tactical gains from market opportuniti...