Zurich partners with US investment manager, launches new funds
Zurich Financial Services has added its second international manager to its diversified funds offering, announcing a strategic partnership with investment manager American Century Investments.
The partnership marks Zurich’s “first step” towards a multi-manager structure in international shares.
The international growth fund component of Zurich’s diversified funds will fall under American Century’s management, as well as two newly launched funds, the Investments Global Growth Share Fund and the Investments Unhedged Global Growth Share Fund.
Matthew Drennan, general manager, investment management at Zurich, said American Century was selected for its strategy, noting “its differentiated growth style, which focused on accelerated and sustainable growth, rather than simply momentum”.
“This strategy has resulted in the delivery of strong, consistent, risk-adjusted performance, relative to peers,” Drennan said.
The Investments Global Growth Share Fund is open to retail and wholesale investors, while the Unhedged Global Growth Share Fund is available to wholesale investors only.
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