Allianz Global Investors has launched a new fund range into the pan-European market. The Allianz Gl...
Allianz Global Investors has launched a new fund range into the pan-European market.
The Allianz Global Investor's Premier range will initially include five of the group's best equity funds.
The five funds include Allianz RCM Euroland Equity Growth and Europe Equity Growth, both of which are managed by Dirk Enderlein, and Japan Equity High Alpha, managed by Michael Neppert. Others include US Equity managed by Seung H Minn and Global Emerging Markets Equity, managed by Michael Konstantinov.
All five funds are now available across the UK, with registration planned, subject to regulatory approval, for Germany, France, Italy, Netherlands, Spain and Sweden by the end of 2006.
The Euroland Equity Growth, Europe Equity Growth and Japan Equity High Alpha funds are new mirrors of existing Luxembourg funds. However, the launch of these mirror versions enable them to be targeted at UK investors as well as other key European markets.
Nick Smith, head of retail sales and marketing at Allianz Global Investors UK, said the US Equity fund and Global Emerging Markets funds are existing Dublin-domiciled funds but now have approval for marketing into the UK and will soon be available across Europe.
Smith said the new range of funds has been launched to meet rising demand from the Continent's large multinational fund buyers and distributors. Rather than starting from scratch, Allianz saw advantages in using existing funds with proven track records.
He said: "Allianz has traditionally had a presence across Europe, but that has tended to operate with a single country focus. Increasingly big clients are focusing on a pan-European basis and Allianz is working to address that need."
Smith said in addition to making the funds available, there would be service teams in local centres.key points
Allianz launches five new funds for Europe
Funds have proven track records
More investors operating on pan-European basis
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