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Threadneedle to run new Zurich multi-asset range
by Robert St George on Jan 24, 2014 at 15:57
Insurance group Zurich is launching five multi-asset and risk-profiled funds, which are to be managed by Threadneedle.
The Zurich Horizon Investment Solutions fund range targets long-term growth within specified risk profiles. The funds will be managed by Threadneedle's Alex Lyle, with their asset allocation determined by eValue, a financial forecaster. The annual management charge for the funds has been set at 0.6%, with an ongoing charge of between 0.81% and 0.88%.
‘We know that the complexity of investments can be a barrier for new clients to enter the market so it is essential that providers introduce solutions that make the discussion about fund selection and associated risks clearer and more straightforward to give customers real choice and peace-of-mind,’ commented Gary Shaughnessy (pictured), chief executive of Zurich UK Life.
Campbell Fleming, Threadneedle’s chief executive, added: ‘Threadneedle has a strong fund solutions capability based on asset allocation. Multi-asset strategies are a significant proportion of our assets under management and we have a proven and consistent record of delivering excellent performance for our clients over the medium and long term.’
Threadneedle currently manages insurance and pension assets on behalf of the Zurich group.
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