Solid Q1 takes Allianz BRIC fund past £500m

Managed by Michael Konstantinov, the £513m fund has returned 94.8% since its February 2006 launch, beating both the MSCI World index and the MSCI BRIC index. The fund predominantly invests in the Brazilian, Russian, Indian and Chinese equity markets, but can put up to one third of its assets outside the BRIC countries. Allianz Global Investors has moved into the UK top ten for net sales on the back of the BRIC success. “Investors are increasingly looking to add diversity to their portfolios and take advantage of the strong performance of the BRIC economies which are starting to drive the...