Zurich is to roll its Horizon fund range, managed by Columbia Threadneedle, into the range of funds it launched earlier this year.
The group has secured shareholder and regulatory approval to merge the five multi-asset funds with the Threadneedle Multi-Asset Zurich funds in order to create a single risk-profiled proposition under the Horizon umbrella. Zurich said he measures would provide simplification and allow investors to access Zurich Horizon via a single fund range at a lower charge, whilst they could be assured that is under the group's oversight,
Columbia Threadneedle will continue to manage the investments within the funds.
In January 2015, Zurich Investment Services UK launched five multi-asset funds, representing the company's first range of funds for UK advisers and Columbia Threadneedle was their first external manager.
The Zurich Horizon range, launched in January 2014 and managed by Columbia Threadneedle's Alex Lyle, will now be merged into this range due to similarity of investment objectives and to provide greater clarity for investors.
The merger will go ahead on 17 July and represents what Zurich UK Life chief executive Gary Shaughnessy (pictured) describes as 'the latest stage of the successful evolution in our investment proposition'.
'We are delighted Columbia Threadneedle will continue to manage the funds given their expertise. The Horizon funds have performed strongly since launch and we are excited about offering them now through Zurich Investment Services UK, which we hope will bring them to an even wider audience,' he added.