The fund, which launched on 13th March, follows the same strategy as the asset manager’s other multi asset funds. It will take a tactical asset allocation approach, with the aim of producing equity-like returns without the volatility. Returns are targeted at Euribor +3%.
The fund is managed by Christoper Mahon, with Hartwig Kos as the back-up manager. Both are directors in the multi asset team, which manages over £8.6bn in dynamic asset allocation products for retail and institutional investors.
It is Ucits-compliant, domiciled in Ireland, and has both retail and institutional share classes. The minimum investment for the retail class is €3,500 with a 1.25% management fee.
Christopher Mahon, fund manager, said: “The Euro Dynamic Asset Allocation Fund is designed to meet the specific needs of European investors seeking growth when it’s available but to whom capital preservation in volatile markets is also a priority.
With markets remaining volatile and the wider economic environment still uncertain, a multi-asset approach has proved to be a prudent investment strategy. Our other multi-asset products have been very effective at capturing growth and managing volatility, and we have high expectations for this new addition to our range.”
