PHEA

Protected 90 Fund

The Protected 90 Fund is an actively managed fund which invests up to 40% in the equity based Dynamic Fund and the balance in a Cash Fund.

Main features

  • Actively managed fund with investments in a combination of the Dynamic Fund and a Cash Fund.
  • Protected Price: equal to 90% of its highest ever unit price
  • Risk rating: 3

Who should invest in the fund?

  • Protected 90 is one of three Protected Funds, designed for investors who have a medium to long term investment horizon, who are comfortable with a medium level of risk and want to earn real investment returns while limiting exposure to risk.
  • You can invest in one or a combination of the Protected Funds (see Protected 70 and Protected 80), to more closely match your personal risk profile.
  • If your attitude to risk changes over time and you want to limit your investment risk or increase your potential return, you have the flexibility to switch between the three funds or any other funds available to your product.

Find out if this fund is available for your product choice (PDF - 211 KB)

How it works

This aim of this fund is to offer you the potential to earn real investment returns while limiting your exposure to risk.

The Cash Fund, managed by Zurich Life, invests in deposits with leading financial institutions, money market instruments and short-dated government securities. Only euro exposure is permitted in this fund. In terms of currency, the fund is managed from the point of view of a eurozone investor.

The allocation to the Dynamic Fund varies between a maximum of 40%* and a minimum of 0% depending on investment conditions and how close the Fund's price is to its Protected Price. The Fund will reduce its allocation to the Dynamic Fund when the Dynamic Fund unit price is falling, protecting the Fund from further falls. It will increase its allocation when the Dynamic Fund unit price is rising, allowing the Fund to benefit from future rises. As this fund invests some of its assets outside the eurozone, a currency risk arises for a euro investor.

The risk is limited because it gives you a Protected Price of 90%, meaning it can't ever fall below 90% of the highest ever unit price. The protection is provided by Barclays Bank Plc.**

The Fund is managed from the point of view of a eurozone investor by Zurich Life / Barclays Bank plc †.

Available through the following products:

  • LifeSave Investment Bond
  • LifeSave Savings Plus
  • Personal Pension – single premium
  • Executive Pension – single premium
  • A(M)RF

 

* 40% is the target maximum exposure to the Dynamic Fund. It is possible for the Fund to have a higher exposure to the Dynamic Fund at certain times.

** Zurich Life reserves the right to replace Barclays Bank with another institution at any stage.

† The underlying Dynamic and Cash Funds are managed from the point of view of a eurozone investor by Zurich Life. Barclays Bank plc calculates the allocation to the Dynamic Fund on a daily basis.

Barclays Bank Plc is authorised by the Prudential Regulation Authority and is regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

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?

Our investment team is based in Blackrock, Co. Dublin and is responsible for managing funds of approximately €20.8 billion*. The most senior members of the investment team have been together for more than fifteen years. It is the close co-operation of our fund managers in making investment decisions across assets, sectors and markets that differentiates us from other fund managers. We have an integrated team-based investment process which ensures that we implement our investment strategy quickly and effectively. We are active investment managers with a macro-economic approach, which is top-down and asset allocation driven. We construct our portfolios to allow us to take advantage of opportunities over all parts of the economic cycle. Zurich has an excellent reputation for investment performance and customer service.

*Source: Zurich, December 2016.

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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