Allianz taps into agriculture boom with new fund

Available to UK investors from 1 April, the Luxembourg domiciled and UCITS compliant Allianz RCM Global Agricultural Trends fund will look to profit from the rapid biofuel advances and the rising affluence in the developing world. RCM’s San Francisco-based manager, Bryan Agbabian, will run the fund, which will hold between 30 and 80 stocks. AGI UK fund distribution head Nick Smith says with the world population set to rise to 9bn by 2050, the soft commodity boom looks set to continue. “There are two big drivers in this sector," he says. "First is the rising affluence in the developing...