EFG readies multi-asset Global Alpha fund for UK market

Anna Fedorova
clock

EFG Asset Management, part of Zurich-based private bank EFG International, is launching a multi-asset OEIC in April as part of its expansion into the UK.

The fund will be run by Hilary Wakefield, head of UK portfolio management. It will invest in cash, government bonds, corporate bonds, hybrid debt (including high yield), equity, and alternative assets such as property, infrastructure and hedge funds. The fund will use LIBOR +3% as its benchmark, with a target return of about 8% and a target volatility of 4%-7%. It will aim to be a low-to-medium risk product, with a medium-term investment outlook, the group said. The team will aim to generate target amounts from various asset classes, using a macro framework to make allocation decisio...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Content: Is the interest rate descent the time to harvest bonds?

Partner Content: Is the interest rate descent the time to harvest bonds?

Markets expect interest rates to fall this year, offering investors the strongest opportunity for fixed income seen for a long time. Watch this video podcast to learn how best to harvest this exciting opportunity.

Sarka Halas
clock 28 March 2024 • 1 min read
Partner Insight: How effective are impact investments?

Partner Insight: How effective are impact investments?

Impact investing has transformed over the past decade, giving investors the opportunity to pursue both financial returns and social and environmental outcomes.

Sarka Halas
clock 27 March 2024 • 2 min read
Partner Insight: High-yield investors should keep a close eye on the default cycle

Partner Insight: High-yield investors should keep a close eye on the default cycle

As central banks start to think about cutting interest rates, forecasts for a peak in credit default rates are not far behind — and could happen sooner than expected, says Wellington Management’s Alex King.

Sarka Halas
clock 27 March 2024 • 2 min read
Trustpilot