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.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
