Press Release
Isle of Man, April 2007 – Zurich International Life Limited (Zurich) is to add a range of fund links to its Mirror and International Wealth Account (IWA) platforms, to further develop the company’s global investment proposition.
The funds, which will include five new Islamic funds, have been launched as a result of ongoing feedback from Zurich’s regional offices and key distributors.
As well as the addition of funds from existing investment partners – BlackRock, JP Morgan, Fidelity and INVESCO, amongst others - ZIL has forged new relationships, most notably with Deutsche Bank subsidiary, DWS Investments.
The funds will be available from April 2007 through a range of Zurich products including Vista and IWA, and will focus largely on four main areas:
- Islamic – offering Zurich’s Islamic investors opportunities in global, regional and sector funds, the five new funds from DWS Noor follow a strict Sharia-compliant framework.
- European and Euro denominated – strengthening the fund proposition for Zurich’s European clients as well as global investors wishing to diversify by currency.
- US – expanding the offering by, notably, adding ABN AMRO’s US Opportunities fund.
- Sector funds – widening their appeal by adding funds that invest in world financials, natural resources and technology.
Martin Davis, chief executive officer of Zurich International Life, said: “Our aim is to provide financial professionals with a range of funds to help them construct balanced and well-diversified portfolios for their clients. We are constantly striving to enhance our offering and feel that the latest fund additions do just that.”
“We are especially delighted to announce the addition of a Sharia-compliant range, as these funds are essential for meeting the needs of our customers globally, and more specifically in the Middle East – a central hub of Zurich’s international business. We are dedicated to delivering the best and most appropriate investment solutions for our customers, and are keen to reflect this in our ever-improving product ranges.”
