Allianz launches in Gulf with two Islamic funds

Professional Adviser
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Allianz Global Investors has opened a regional office in Bahrain to serve the growing Middle East market.

The office will be headed by Sami Zghal, who has taken on the new role of chief representative and head of business development for the Middle East & North Africa. Zghal was previously based in the firm’s Paris office. Allianz has also launched two Shari’ah-compliant equity funds designed for investors in the region. The Allianz RCM Islamic Global Emerging Markets Equity fund and the Allianz RCM Islamic Global Equity Opportunities fund have been seeded with $50m apiece to ensure they reach critical mass quickly. The new funds are based on two strategies already offered by the firm: the All...

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