The ZAP funds, which will be run by Vanguard, comprise five ready-made portfolios with different mixes of equities and bonds to match the risk profile of the end investor.
The funds have an annual management charge of 0.75%, have no lock in period or minimum investment and offer daily liquidity.
Each fund is created with 6,000 to 20,000 underlying holdings and will provide one stop access to the world’s equity and bond markets. Further, the funds will cover a wide range of sectors including technology, media and energy.
Walter Jopp, chief executive at Zurich – Middle East, said: “We want to help people reach their financial goals, and sometimes the complexity of investments can be a barrier for new customers to enter the market.
“That’s why we are delighted to launch ZAP funds. They have been carefully to cater for the growing demand for simplified investment solutions in the region,” Jopp said.
He said with ZAP funds, customers get a low-cost, easy to maintain, scalable solution that is rebalanced regularly to help reduce risk.
It also provides financial advisers with a powerful tool that meets a range of different customer needs and offers a transparent solution at exceptional value, Jopp said.