Union Investment has announced the launch of UniAbsoluterErtrag as of April 30th 2015, a multi-asset fund combining market neutral and market dependent strategies with the aim of delivering an absolute return of 3% above the three month Euribor.
The funds’ investment focus is centered on flexible allocation and broad diversification of investment strategies and asset classes, including among others long/short equity strategies. It also invest in high-conviction strategies with an investment horizon of less than 12 months with the aim of delivering market neutral returns.
The funds’ strategic asset allocation is based on recommendations presented by a panel of experts including the heads of Union Investment’s respective portfolio management teams. It is aimed at investors with a medium risk appetite and a a medium- to long term investment horizon. The fund is also open to retail investors.