QEAA
Active Asset Allocation Fund
The Active Asset Allocation Fund is an actively managed fund which aims to achieve growth through capital gains and income from a well-diversified portfolio of global equities, government bonds, property shares, cash and alternative assets. The alternative assets currently may include oil, gold, inflation-linked government bonds, water, soft commodities, industrial metals and corporate bonds. Many of the asset classes in this fund have historically had low correlations to movements in equity prices and hence are expected to dampen the volatility of the fund’s returns. Zurich Life’s award-winning team of fund managers actively manage the allocation between the different asset classes. This fund invests some of its assets outside the eurozone so a currency risk arises for a euro investor. As the fund is managed from the point of view of a euro investor any currency hedging that may be conducted will be into euros. This fund is managed by Zurich Life.
Main features
- Actively managed, diversified unit-linked fund.
- Offers access to the performance of a wide range of asset classes without the large administrative costs incurred dealing directly in the asset classes.
- Risk ratings: 5
- SFDR Class: Article 6
How it works
Over the long-term, investing in higher risk assets such as equities is expected to give higher returns. However, this may not be appealing if you're looking for a less volatile vehicle for your money. By investing across a wider range of asset classes, as well as having a lower exposure to higher risk assets, the AAA fund can deliver lower volatility.
It's designed to perform in a variety of market conditions, so if equities are underperforming, it can be counter-balanced by the performance of other asset classes which have low/lower correlations to the movement in equity prices.
The fund invests in a number of existing Zurich Life actively managed funds including the International Equity Fund and Active Fixed Income Fund as well as a number of Exchange Traded Funds/Certificates (ETFs). Our team of fund managers actively manage the allocation between the different asset classes.
This fund invests some of its assets outside the eurozone so a currency risk arises for a euro investor.
As the fund is managed from the point of view of a euro investor any currency hedging that may be conducted will be into euros.
This fund is managed by Zurich Life.
Current Fund Price* (as at 09/02/2024)
Price
0.969
1.019
Asset Split**
| 95% Bonds | |
| 5% Cash |
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
**Note: Asset Splits are updated quarterly.
Why Zurich?
Our investment team is based in Blackrock, Co. Dublin and is responsible for managing funds of approximately €32.2 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, September 2023.