Zurich launches global equity income fund
Zurich has partnered with PM Capital to launch Zurich Investments Global Equity Income Fund, designed to provide investors access to global equity markets with increased levels of income and decreased levels of downside risk.
Zurich general manager retail life and investments, Philip Kewin, said partnering with selected fund managers gave the company agility and speed to market.
The fund holds 40 income-producing international stocks diversified across sectors and regions, and uses currency strategies and other innovations to reduce downside risk.
"We believe, given the low-growth environment in Australia and the relative cheapness of international stocks, this is the right time to be accessing global equity markets," Kewin said.
"This fund provides that exposure to growth opportunities, but also employs strategies to reduce risk and provide a healthy level of income, well in excess of cash rates."
Kewin said Zurich partnered with PM Capital after a market review revealed PM had a relatively new fund which suited Zurich's needs. The fund was rebranded after Zurich took over as responsible entity.
Recent research by Zurich found advisers wanted equity exposure but had low expectations for growth in local markets.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.
One of Australia’s largest super funds has acquired an equity stake in the institutional investment advisory firm.
Passive investing is reshaping Australian equities, giving rise to a “no information trade” in which large-cap stocks swing sharply despite little or no fresh news.
RBA governor Michele Bullock warns of global trade risks as domestic inflation cools and employment remains near full capacity.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
