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Treasury & Capital Markets
AllianzGI launches RMB denominated retail fund series
Allianz Global Investors (AllianzGI) has launched its Allianz Selection Funds Series consisting of five funds targeted at retail investors. Hong Kong-registered and renminbi denominated, the Funds’ renminbi hedged share class offer investors with existing renminbi holdings
The Asset 22 Sep 2014

Allianz Global Investors (AllianzGI) has launched its Allianz Selection Funds Series consisting of five funds targeted at retail investors. Hong Kong-registered and renminbi denominated, the Funds' renminbi hedged share class offer investors with existing renminbi holdings an opportunity to invest in diversified global assets with potential gains in the current low interest rate environment.

 

The Funds invest in all asset classes across Asia, Europe and the US, including money markets, corporate bonds, high yield bonds, convertible bonds and equities. The diverse range of investment strategies aim at accommodating the needs of all types of investors with different risk-return profiles and investment appetites:

 

· The US income and US high yield strategies may provide investors with steady income potential derived from lower volatility;

 

· The income and growth strategy enables flexible investments in US equities and targets more balanced returns;

 

· The Asian equity and European equity dividend strategies capture growth potential from rapidly expanding emerging markets and from the gradual economic recovery in Europe, to seek higher potential returns with higher risk tolerance.

 

Jenny Yu, AllianzGI's head of distribution, Greater China said, "Hong Kong is the world's largest offshore renminbi centre, with over 1 trillion renminbi in deposits, yet investment options to date have been limited to fixed deposits and RMB Qualified Foreign Institutional Investors funds (RQFII funds). The Selection Fund Series' RMB hedged share class is settled in renminbi, enabling investors holding the Chinese currency to add value and diversify risk."

 

The investment objectives of Allianz Selection Funds Series' five Funds are long-term capital appreciation and income:

 

· Allianz Selection US Income invests primarily in US corporate bonds, aiming at long-term capital appreciation and income

 

· Allianz Selection US High Yield invests in US high-yield corporate bonds to benefit from the US economic turnaround and the rise in corporate earnings, as well as capital appreciation on declining market yields

 

· Allianz Selection Income and Growth provides attractive potential returns in the ever-changing US investment market through nimble investment primarily in US assets, such as US equities, and convertible bonds

 

· Allianz Selection Total Return Asian Equity invests in high-growth Asian stock markets, capturing capital appreciation arising from regional economic reform

 

· Allianz Selection European Equity Dividend invests in European equity markets, aiming to capture steady income opportunities arising from mild economic recovery

 

Yu added, "Following the Fed's tapering and improved economic and employment figures, interest rates are expected to rise as early as mid-2015 in the US. As other central banks continue to pursue stimulating monetary policies, we expect market volatility to continue for some time. In these uncertain market conditions our Selection Funds Series, which covers all investment asset classes across major markets worldwide, will allow investors to manage their asset portfolios in line with their risk profile."

 

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