Zurich set to move into global equities space
Zurich is planning to launch two new funds in the global equities space, its first new funds since the launch of the Zurich Investments Global Small Companies Share Fund and Global Property Securities Fund last year.
The company is also set to appoint two US-based based specialist managers to run the new funds, according to investments director Matthew Drennan.
“We’re looking to launch a couple of other funds in the global equities space and we’re talking to a couple of interesting managers in the US at the moment.
“Once we have completed the due diligence, and the managers have signed, we would certainly be making an announcement around that.”
The appointment of the two new managers will continue Zurich’s strategy of forming strategic partnerships with specialist investment managers.
Recommended for you
Funds under management at Pinnacle Investment Management are approaching $180 billion, helped by a substantial jump in FUM from its overseas affiliates.
Warakirri Asset Management has partnered with US-based investment manager ClariVest to give Australian retail and wholesale investors access to the firm’s global small companies strategy.
Global X has come out fighting in the race to the bottom for ETF fees with an Australian equity ETF offering fees of just 0.04 per cent per annum, less than half those of the $20 billion Vanguard Australian Shares Index ETF.
Betashares has expanded its equity range, launching its latest Australian equity ETF and reducing the management fee on its existing global dividend ETF.
