Zurich Life Active Fixed Income

The Active Fixed Income Fund is an actively managed bond fund that primarily invests in bonds issued by eurozone governments and bond-based financial instruments. It may also hold supranational bonds and other investment grade corporate and non-sovereign bonds. In practice, this means the fund is focused on debt securities rather than shares, and investment grade generally refers to bonds considered lower credit risk than non-investment-grade bonds.

Yes. The Active Fixed Income Fund may invest up to 30% of its assets overseas, although its core exposure is to eurozone bonds. Because some holdings can be outside the eurozone, a euro investor may be exposed to currency risk, which means foreign exchange movements can affect returns when investments are held in another currency.

The Active Fixed Income Fund is managed by Zurich Life. It is run on an active basis, so the manager makes the investment decisions rather than simply tracking an index. That approach means the portfolio can be adjusted over time within the fund’s stated bond-focused limits.

Yes. The Active Fixed Income Fund is managed from the point of view of a euro investor, and any currency hedging that is carried out will be into euros. This makes the fund especially relevant for investors who want bond exposure with a euro base, while still understanding that some overseas holdings may create currency risk.