However, he said regulatory restrictions in Hong Kong only allowed Zurich to target high net worth i...
However, he said regulatory restrictions in Hong Kong only allowed Zurich to target high net worth individuals. "We are growing rapidly and although we only offer a small number of products, the number of people these are suitable for continues to grow as people become wealthier and more mobile."
On the back of this growth, Zurich has also appointed Merrill Lynch Investment Managers (MLIM) to run five new US dollar managed funds. The appointment is part of Zurich's ongoing strategy to increase the range of investment options available to advisers and their clients in its key markets.
The funds range from defensive to adventurous, to suit client requirements and their appetite for risk. They have been specifically designed to appeal to both corporate and individual clients in its core regions of Hong Kong, Singapore, the UAE, Bahrain, and Europe where there is a recognised demand. The five US dollar-denominated funds will sit alongside the com-pany's existing range of investment options.
The five funds include Cautious Series B, Defensive Series B, Blue Chip Series B, Adventurous Series B and Performance Series B.
There is an annual management charge of 1.5% on all funds plus additional expenses to cover audit and director's fees.
Zurich International to target South East Asian markets
Technology offering also to be boosted
MLIM to run five new US dollar managed funds
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till