TCHA
Fixed Term
From time to time, Zurich may make a Fixed Term Fund available. These funds are designed to provide a fixed rate of return for a short period of time, normally a few years. The return is provided by investing the funds in an account provided by a bank.
Invests in deposits and money market instruments.
How it works
These funds are designed to provide a fixed rate of return for a short period of time, normally a few years. The return is provided by investing the funds in an account provided by a bank. As monies are invested with a bank, there is counterparty risk. The return is provided by the counterparty on each fund and not by Zurich Life. The return of amount invested and interest will only be based on what Zurich Life receives from the bank. Where an encashment or fund switch prior to the maturity of the fund is made available, which is at the sole discretion of Zurich Life, the fixed return will not apply and the unit price will be calculated based on market conditions and the return you receive may be less than you originally invested.
The fund is designed to provide a fixed return if held for the full period; It may not be appropriate for customers who intend to hold it for a shorter period. There is no guarantee that access to the fund is available prior to the maturity date of the fund. If customers do not remain in the fund for the full period, the return may be significantly lower than quoted and could be negative.
Current Fund Price* (as at 29/04/2021)
Price
1.061
1.116
Asset Split**
| 56% Bonds | |
| 29% Cash | |
| 14% Equity | |
| 1% Property |
Annualised Performance (%)*
*Notes: Annual management charges (AMC) apply. The fund performance shown is before the full AMC is applied on your policy.
Returns are based on offer/offer performance and do not represent the return achieved by individual policies linked to the fund.
The fund price/performance shown is for the Pension / Gross of Tax Funds category.
*Source: Zurich Life
Why Zurich?
Our investment team is based in Blackrock, Co. Dublin and is responsible for managing funds of approximately €28.4 billion*. The most senior members of the investment team have been together for more than fifteen years. It is the close co-operation of our fund managers in making investment decisions across assets, sectors and markets that differentiates us from other fund managers. We have an integrated team-based investment process which ensures that we implement our investment strategy quickly and effectively. We are active investment managers with a macro-economic approach, which is top-down and asset allocation driven. We construct our portfolios to allow us to take advantage of opportunities over all parts of the economic cycle. Zurich has an excellent reputation for investment performance and customer service.
*Source: Zurich, December 2022.
