Active Asset Allocation Fund

The Active Asset Allocation Fund (AAA) is an actively managed, diversified unit-linked fund that seeks to achieve performance from a well-diversified portfolio of global equities, government bonds, property shares, cash and alternatives.

Alternatives can include precious metals such as gold and copper, as well as investments in water infrastructure and agriculture. Our investment team assess the asset allocation on a continuous basis.

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 rating: 4

Who should invest in the fund?

  • Suitable for investors looking for a strong performance track record with low volatility.
  • Designed for investors who are comfortable with a medium level of risk.
  • For investors who have a medium to long-term investment horizon.

Find out if this fund is available for your product choice (PDF - 110 KB)

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 under performing, 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.

A currency risk arises as some of the investments held are from outside the eurozone.

Asset Split**

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 monthly.

Why Zurich Life?

At Zurich Life, we believe that the macro economic environment is the key driver for investment market themes. We are business cycle investors, and our portfolios are constructed to take advantage of investment opportunities over all parts of the economic cycle.

Our investment managers closely co-operate to make decisions across assets, markets and sectors, taking a 'top-down' approach to identify trends and to bring the best investment opportunities to our clients.

It's widely accepted that long-term investment returns within an investor's portfolio are driven by asset allocation. Asset allocation decisions have become increasing complex over the years, due to a changing economic landscape and market volatility. At Zurich Life, we have a reputation for making the right investment decisions at the right time.

Warning: Past performance is not a reliable guide to future performance.
Warning: Benefits may be affected by changes in currency exchange rates.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these funds you may lose some or all of the money you invest.

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