Zurich Investment Services UK has announced that Threadneedle will be the first manager it works with to launch a range of funds for UK advisers.
The range of five multi-asset growth funds should be available to advisers using the Zurich platform from 2 April this year.
In line with its multi-manager ACD status, Zurich states that it will not directly manage any of the funds itself.
Gary Shaughnessy, chief executive, Zurich UK Life said: “Launching the first range of funds under any new venture is always a significant step. We are very excited about the new multi-asset fund range and we are delighted to be working with Threadneedle on these first five funds. This is the first of a wider range of funds that Zurich intends to bring to the market reflecting the demand that we see for this capability.”
Campbell Fleming, Threadneedle CEO said: “We are delighted to be appointed as the inaugural manager for this important initiative. Threadneedle enjoys a long-term, strategic relationship with Zurich, reflecting our strong multi-asset capability and our ability to deliver performance to meet investor needs. We look forward to partnering with Zurich in launching these funds.”