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In response to the recent equity markets volatility, Swisscanto is launching Institutional Fund - Target Risk 5%, which bases its investment strategy on a specific risk budget, rather than a strategic asset allocation. The fund aims to remain below the target volatility of 5%, delivering stable risk-adjusted returns.
The first subscription period closed today, giving the fund a kick-start with CHF250 million (GBP180 million) in assets under management. The investment vehicle is open to both retail and institutional investors, but fund manager Dieter Galli said twice as much cash has come from the retail sector as from institutions so far. "I suspect pension funds need more time to...