Zurich Life Threadneedle Global Select

The Global Select Fund (Columbia Threadneedle) mainly invests in equities issued by companies worldwide. It may also invest in fixed interest securities and money market instruments when the manager считает this appropriate. The fund is therefore designed as a global equity portfolio with some flexibility to hold other instruments.

The Global Select Fund (Columbia Threadneedle) is actively managed using the firm’s 'Select' approach. That means the manager can take significant positions in particular stocks and sectors rather than closely tracking an index. This can create a more distinctive portfolio, but it can also increase volatility, which means the fund’s value may rise and fall more sharply.

The Global Select Fund (Columbia Threadneedle) has a concentrated portfolio, so it holds fewer investments than a very diversified fund. That increases stock-specific risk, meaning one poorly performing holding can have a bigger impact on returns. It also has flexibility to make significant sector bets, which can add to volatility.

The Global Select Fund (Columbia Threadneedle) invests some assets outside the eurozone, so a euro-based investor faces currency risk. Currency risk means exchange-rate movements can reduce returns or add to them when foreign investments are converted back into euros. This is relevant because the fund has worldwide exposure, including holdings outside the euro area.

The Global Select Fund (Columbia Threadneedle) currently shows meaningful exposure to large global companies such as NVIDIA, Microsoft, Amazon, Taiwan Semiconductor Manufacturing, Alphabet and Apple. Its sector exposure is spread across areas like Information Technology, Industrials, Health Care and Financials. This suggests the fund is built around a selection of major global growth and market-leading businesses.