Global asset manager Insight Investment has gained a mandate from Zurich Australia’s investment business, for its Insight Diversified Inflation Plus Fund.
Zurich Investment Management’s mandate forms a part of Zurich’s diversified strategies including its flagship Managed Growth Fund.
The Insight Fund is said to use an unconstrained global multi-asset approach, investing in traditional assets such as listed equities and fixed income, assets with a link to inflation and a total return component targeting sources of return that are less reliant on the broad direction of markets.
Matthew Drennan, Zurich’s head of savings and investment commented: “We selected the Insight Fund for our Managed Growth Fund as it focuses on diversification and downside protection using a robust, disciplined investment process.”
“With market volatility expected to continue, we see Insight’s approach complementing our existing strategic investment partners.”
Commenting on the investment approach, Matt Merritt, head of the multi-asset strategy group at Insight Investment said investors need access to a broad range of return sources in an evolving market environment.
“Our approach is based on three simple and effective principles: diversification, dynamic asset allocation and downside risk management,” Mr Merritt said.
Insight reported Australian investors now make up $2.6 billion of the total $8.7 billion managed by the company in this strategy.
Bruce Murphy, director, Australia and New Zealand, Insight Investment, added the underlying investment strategy was initially launched in the UK in 2004 and 10 years later in Australia, with the establishment of the Insight Fund.
“The Insight Fund is now available on leading investment platforms and has resonated with Australian investors seeking inflation plus returns with strong downside risk management in place,” Mr Murphy said.
Insight, which falls under BNY Mellon Investment Management, manages around $30 billion for its Australian investors and $1.2 trillion internationally.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
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