EUROPE - Swiss private bank Julius Baer has wheeled out a new international equity-based offering, adding to its Navigator fund family.
The Luxembourg-domiciled Global Navigator Stock Fund invests in stocks worldwide with the aim of approximating its chosen benchmark index. It targets both institutional and private investors. The fund tracks the MSCI World Index. It essentially ‘navigates’ around the index, without replicating it precisely, said the firm. The fund’s managers aim to outperform the MSCI World Index over the long term by modestly over- and underweighting various sectors.
The fund invests in all 10 sectors of the MSCI World Index. It is suitable for investors with a medium- to long-term horizon who wish to participate in the performance of the markets by investing in a globally diversified fund.
The Navigator fund family consists of the Global Navigator Stock Fund, the US Navigator Stock Fund, the Europe Stock Fund and the Japan Navigator Stock Fund.
The fund is denominated in euros, with a minimum investment level of 1 share at EUR100. Total management fees amount to 1.6% per year. The issuing premium is 0-5%, depending on the distribution partner.
By Madhu Kalia
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