Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Allianz GI to open up €577m bond fund for international investors

Allianz GI to open up €577m bond fund for international investors

Allianz Global Investors has unveiled plans to make one of its long-running, German-domiciled bond funds open to international investors under a structural change.

The Allianz Internationaler Rentenfonds, which now has €577 million in assets, was launched for German investors in 1969.

Under changes set to come into effect on August 21, the fund will invest directly into a master feeder fund called Allianz Advanced Fixed Income Global Aggregate, which is Luxembourg-domiciled.

Ralf Jülichmanns, who has overseen the fund since December 2013, will continue to be a fund manager and the strategy will remain unchanged. In addition, it will not directly impact those already invested in the German-domiciled fund.

Commenting on the change, a spokesperson for Allianz Global Investors, said: ‘The Master-Feeder structure, which we have already implemented in other funds, allows in an efficient way to make an already existing national investment fund more accessible for the wide circle of our European customers.’

Under UCITS IV regulations, funds are able to be transformed into so-called ‘feeder funds’, which invest directly into a ‘master fund’, which opens already existing strategies to a wider range of international customers.

Allianz has already implemented such structural change in 2013, when Allianz AdiFonds fund and Thesauraus fund were integrated in the Allianz German Equity fund.

The Allianz Internationaler Rentenfonds fell 6.92% in US dollar terms (sector denomination) over the three years to the end of July 2015. Its Citywire assigned-benchmark, the Citi WGBI TR USD, fell 7.6% over the same period.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015