Zurich Life Prisma Low

The Prisma Low Fund is an actively managed multi-asset fund that invests across global equities, short-term government and corporate bonds, medium-term government and corporate bonds, and cash. It is designed to hold a diversified mix rather than focusing on a single market or asset type. The fund also holds investments outside the eurozone, so it may be exposed to foreign currency movements.

The Prisma Low Fund uses both strategic and tactical asset allocation to manage its mix of equities, bonds and cash. Its aim is to achieve returns consistent with a diversified range of global asset classes and to deliver returns above prevailing Euro cash rates over time. In simple terms, it adjusts what it holds to try to improve the balance between growth and stability for a euro investor.

The Prisma Low Fund is invested globally, including North America, the eurozone, Japan, Asia Pacific ex Japan, the UK and Europe, as well as cash. Its sector exposure spans areas such as information technology, financials, health care, consumer discretionary and communications. This broad spread is intended to reduce reliance on any single region or industry.

The Prisma Low Fund's top holdings include NVIDIA, Alphabet, Apple, Amazon, Microsoft, Broadcom, Meta Platforms, AMD, ASML and J.P. Morgan Chase. These names show that the fund has meaningful exposure to large global companies, especially in technology and financials. Because it is actively managed, these holdings may change over time.

The Prisma Low Fund is managed from the point of view of a euro investor, and any currency hedging that is used will be into euros. That can help reduce currency risk, which means foreign exchange moves can affect returns when investments are held in other currencies. However, the fund still invests some assets outside the eurozone, so some currency exposure may remain.