Zurich International Life announced today the launch of Zurich Allocated Passive (ZAP) funds with five ready-made portfolios. The new product targets the growing demand for simplified investment solutions and is aimed at customers of advisory firms.
The investment solution caters to different types of investors: from those looking for a simple way of investing within a range of funds that are aligned to how they feel about investment risk, to those who are a bit more adventurous and have a higher risk tolerance. The ZAP funds are a targeted mix of global equities and global bonds using index funds and support Zurich’s existing actively managed investment options, the company said in a statement.
Walter Jopp, chief executive at Zurich – Middle East, said: “We want to help people reach their financial goals, and sometimes the complexity of investments can be a barrier for new customers to enter the market. That’s why we are delighted to launch ZAP funds.” They have been carefully designed “to cater for the growing demand for simplified investment solutions in the region,” he added.
ZAP funds are delivered in a language that makes investment risk, expected returns and fund choices easy to understand, thus allowing for straightforward conversations between advisers and customers. It also provides financial advisers with a powerful tool that meets a range of different customer needs and offers a transparent solution at exceptional value.
“Zurich is continuing on its journey towards more transparent financial solutions and we firmly believe that investments should be easy to own and understand. With ZAP funds, customers get a sophisticated solution in straightforward, streamlined and transparent packages. It is a low-cost, easy to maintain, scalable solution that is rebalanced regularly to help reduce risk”, Jopp said.