 |
 |
• Launch today of Allianz RCM Global EcoTrends, a UK domiciled OEIC
• Superior performance already delivered on €1.7 billion existing EcoTrends franchise1
• Luxembourg mirror fund awarded 1st place in the €uro am Sonntag Awards over one year2
Today sees the launch of the Allianz RCM Global EcoTrends Fund, a UK domiciled OEIC. It is the first fund of its kind in the country, investing across the three areas of eco energy, pollution control and clean water.
The UK domiciled OEIC represents the expansion of an EcoTrends franchise with a track record of delivering outstanding performance1. The Luxembourg SICAV returned 25.9% over one year to 30 January 2008, against a sector median return of 5.5%1. The UK version is a mirror of the existing funds.
Bozena Jankowska, manager of the fund, said: "The Fund seeks to capture the opportunities in the three key environmental technology areas of alternative energy, pollution control and clean water. What is driving the environmental technology revolution is much more than climate change. It is also the fact that growing affluence and urbanisation in China and India and much of the rest of the developing world is creating significant stresses on the environment, and of course, energy and commodity depletion. This is creating a growing coalition of governments, businesses and people looking to environmental technology to provide at least some of the solutions."
"In terms of how this translates into investment ideas, we expect attractive rates of growth for wind power and solar energy over the next few years and we believe emerging fuel cell technologies, which allow people to generate their own domestic energy, are interesting stocks to hold.”
Commenting, Nick Smith, Head of Fund Distribution, at Allianz Global Investors (UK) Ltd, said: “Global EcoTrends is a compelling and popular proposition, so we are delighted to propose a UK launch. We believe this will give UK investors access to one of the most established and experienced teams focusing on environmental technology in Europe and the opportunity to invest in a very exciting fund.
"Recent research from our US counterparts3 showed investors view the environment as a major long-term investment opportunity. The same research also revealed 71% of US investors classify environmental technology companies a “buy” and when asked to rate various sectors, identified the environment as the most desirable of those surveyed. 17% of investors have already bought stocks or mutual funds to capitalise on environmental trends and nearly half say they will invest in the environment in 2008 - sentiment which we believe makes for a positive launch environment.”
The Allianz RCM Global EcoTrends Fund is underpinned by RCM’s in-house global EcoTrend research team which has a proven track record and was established seven years ago. This team currently manages more than €1.7 billion globally1. They focus on identifying environmental and social trends and themes which are then translated into investment and stock ideas e.g. demographics, climate change, environmental pollution, water scarcity, etc.
The team is also supported by RCM’s proprietary market research network called Grassroots® Research. Grassroots® Research is dedicated to uncovering and measuring demand in the market place for specific products and services.
Allianz Global Investors recently won seven awards at the German €uro am Sonntag awards. Bozena Jankowska and her team achieved first place for the Allianz-dit Global EcoTrends Fund on the back of outstanding performance over one year2.
Fast Fund Facts (UK OEIC)
• Fund name: Allianz RCM Global EcoTrends Fund
• Key investment areas targeted: eco energy, pollution control and clean water
• Launch date: 14th February 2008
• Managed by Bozena Jankowska
• The portfolio will comprise approx. 50 -70 equities
• UK-registered OEIC
• Minimum investment: £500 (£1,000 for ISA)
Proposed Investment Objective
The Fund intends to invest a minimum of 75% of assets in the shares of international companies that have at least some operations in the areas of "Eco Energy" (alternative energy sources and energy efficiency), "Pollution Control" (environmental quality, waste management and recycling) and "Clean Water" (water treatment and supply). Its investment objective is to attain long-term capital growth. The share accounted for by Emerging Markets is limited to 20% of the Fund’s assets.
Charges & Commission
Initial (outside ISA) 4%
Initial (inside ISA) 3%
AMC 1.75%
Initial commission 3%
Trail commission 0.5%
- ENDS -
Notes to Editors
1- Source: Allianz Global Investors/ RCM (UK) Ltd. Over 12 months to 30.01.08 the Luxembourg SICAV Allianz RCM Global EcoTrends has returned 25.9%, versus a Morningstar Micropal-Universe median return of 5.5%, Global Ecology sector (Germany), GBP, net of fees, income reinvested.
2- Source: Allianz Global Investors. German Euro-Fund Awards, first place over one year for the Allianz-dit Global EcoTrends Fund.
3- Source: Allianz Global Investors. This information strictly represents the results of the GfK Roper Public Affairs & Media December 2007 public opinion survey and does not represent the views of any investment advisor or mutual fund distributor. The polling results do not represent an investment recommendation or a solicitation.
Past performance is not a reliable indicator of future performance. You should not make any assumptions on the future on the basis of performance information. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. You should always read the prospectus before investing. For a copy visit www.allianzgi.co.uk or telephone 0800 84 84 94. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation and anyone who acts on it, or changes their opinion thereon, does so entirely at their own risk. The opinions expressed are based on information which we believe to be accurate and reliable, however, these opinions may change without notice.
This document has been issued in the UK by Allianz Global Investors (UK) Ltd. Allianz Global Investors (UK) Ltd is authorised and regulated by the Financial Services Authority (“FSA”). FSA Registration: 122218. The FSA’s address is 25 The North Colonnade, Canary Wharf, London, E14 5HS. Registered in England No. 1963362. Registered office: 155 Bishopsgate, London, EC2M 3AD telephone +44 (0) 20 7065 1407.
14/02/2008
|
