ZIL launches Dynamic Growth Fund
Zurich International Life Limited (ZIL) has added the Dynamic Growth Fund (DGF) to its investment range.
The new fund has been specifically designed to appeal to cautious investors who are interested in wealth generating solutions that offer protection against stock-market volatility. Particularly appealing to those who favour low-risk propositions is the fact that the DGF has a protected price that will not fall below 80 per cent of the highest ever fund price.
The DGF maintains flexibility through the fact that clients are not locked into the fund – they go in and out of it at no extra cost or penalty. The fund is capped at 70 per cent equity and a minimum of 30 per cent equity exposure, with the rest being held in cash. The equity element of the DGF will be the S&P 500 Index.
Denominated in US dollars, the fund is intended to appeal to clients in core ZIL regions – Hong Kong, the United Arab Emirates, Bahrain and Europe. The DGF will sit alongside ZIL’s Money Market and Managed Funds.
Martin Davis, Chief Executive Officer of ZIL, said:
“Adding another string to our bow in the form of the DGF, allows ZIL to demonstrate our dedication to providing advisers around the world with a full range of investment options to suit their clients’ needs as well as their own.”
“ZIL’s understanding of the importance not only of advocating funds which suit those who like to take risks, but also those who take a more cautious approach to investment, is embodied by the DGF which offers clients some of the excitement of the stock-market, with less risk. Early feedback from advisers has given us real confidence in the fact that it should be a resounding success across all of ZIL’s key regions.”
About Zurich International Life Ltd (ZIL)
Zurich International Life Ltd, headquartered in the Isle of Man, is part of the Zurich Financial Services Group. ZIL provides both individual and corporate customers with real financial solutions to their international protection, life assurance and investment needs.
About Zurich Financial Services Group
Zurich Financial Services is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, Zurich is headquartered in Zurich, Switzerland. It employs approximately 55,000 people serving customers in more than 120 countries.
Fund details (details of charges)
The Dynamic Growth Fund will reference the S&P 500 Total Return Index for the equity element, and the USD 3 month LIBOR for the cash element. The 80% protection is provided by adjusting the exposure between equities and cash on a dynamic basis. The DGF will have a 1.8% annual management charge. Investors can switch into and out of the fund on a daily basis without penalty, using ZIL’s standard switching rules. ZIL’s standard product charges and commission terms will apply
- HSBC launches Amanah Dynamic Allocation Shield Fund
- Shamil Bank announces launch of first Islamic fund for investment in high-growth China real estate market
- Dr. John Sfakianakis,to speak on the regional dynamics of the post-recession economy
- Millennium Finance Corporation launches USD1 billion Global Energy Fund and USD1 billion TMT Fund managed by Millennium Private Equity