Union Investment has unveiled a new risk-premia-focused multi-asset fund, Citywire Selector has learned.
The Luxembourg-domiciled Ucits fund, which is formally called UniInstitutional MultiPremia, was launched on 1 February 2018.
The strategy is aimed at institutional investors and implements an absolute return approach.
The fund is managed by Sebastian Rohm, a member of the Union Investment’s multi asset & commodities strategy team managed by Michael Herzum.
The new strategy invests in a global multi-asset portfolio that includes global equities, bonds, convertibles, commodities, money market instruments, FX, derivatives and other instruments
It also allocates to a broad variety of alternative risk premia such as value, momentum, size and carry.