Vontobel has merged two multi-asset funds, Citywire Switzerland can reveal.
The firm confirmed that the Vontobel Fund - Target Return Balanced fund has been rolled into the Vontobel Fund - Multi Asset Income fund.
The latter strategy will continue to be managed by Dominik Zörner. In the meantime, the former manager of the merged Vontobel Fund - Target Return Balanced fund, Cristiano Migliorini, remains with the firm.
He is still part of the investment team, but has a different role now. He is running the embedded risk advisory of the multi asset solution team leveraging his quantitative background.
The spokesperson confirmed that the merger of two strategies happened as a result of the optimisation of the multi-asset product range of Vontobel.