Zurich launches global equities offering
Zurich Australia has extended its product offering with the introduction this week of the Zurich Investments Global Equity Income Fund.
Announcing the move, Zurich said the fund was designed to provide investors access to global equity markets, with enhanced levels of income and reduced downside risk.
Commenting on the initiative, Zurich general manager retail life and investments Philip Kewin said it reflected increasing demand for income generating investments, particularly amongst older investors.
The Zurich Investments Global Equity Income Fund is comprised of a portfolio of 40 income-producing, international stocks across a range of sectors and geographies, with the manager utilising innovative options and currency strategies to help 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.
He said the fund provided exposure to growth opportunities, but also employed strategies to reduce risk and provide a healthy level of income, well in excess of cash rates.
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