Zurich has launched a monthly income fund to be managed by T. Rowe Price, targeting investors approaching retirement.
The Zurich Horizon Monthly Income Plus fund will sit alongside Zurich's multi-asset Horizon range and will target a monthly income by investing in a range of global corporate bonds. Horizon is Zurich's range of five risk-rated funds which was launched in March 2015. Aimed at those in or approaching retirement, the new fund will focus on capital preservation with potential for growth. It will target a yield of 4% net of charges, and have an ongoing charge of 0.7%. The fund is available from 24 October and will sit in the IA £ Strategic Corporate Bond sector. T. Rowe Price plans ...
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