Zurich adds Seven to investment range

Zurich has introduced18 funds through the sterling bond as well as 22 new funds across the sterling mutual funds proposition.

Looking at its pension fund range the provider has also added 15 new funds to its individual pension range.

Aimed at intermediaries and private clients, Peter David, fund development director for Zurich, said the additional funds would provide clients with the opportunity to invest in a wider range of asset classes and geographical regions than previously available.

He said: "We understand that it is important to provider intermediaries and their clients with a wide range of fund choices that will appeal to all tastes. The introduction of the new funds across our pension and investment proposition allows intermediaries and their clients to tailor their investment needs according to their attitude to risk, as well as market volatility."

The additional multi-manager funds are from Seven Investment Management, F&C, IFDS and New Star.

Colin Jackson, IFA for Essex-based Baronworth Investment Solutions, said multi-manager, as a concept, had its place however he expressed concern that some older clients would not be happy to invest in these sorts of vehicles.

He said: "I see nothing wrong with multi-manager as it probably gives greater choice and more flexibility. I wonder if the general public would be interested in it as an investment vehicle as most of our clients, who are older, prefer cash, cash-type or protected products."