• Allianz RCM Global Agricultural Trends Fund to launch on 1st April 2008
• Fund aims to deliver superior returns from growth in agriculture and agricultural related businesses
Allianz Global Investors is launching a new Global Agricultural Trends Fund which will be available to UK investors from 1st April 2008*. The Luxembourg-domiciled SICAV will be registered for sale in the UK, and will invest in opportunities offered specifically by stocks in the fast growing agricultural sector or related areas.
Managed by Bryan Agbabian, who has 13 years experience of global equity investment, the Allianz RCM Global Agricultural Trends Fund will hold between 30 and 80 holdings. Mr. Agbabian, who is based in the San Francisco office of RCM, the specialist global equity company of Allianz Global Investors, will take advantage of RCM’s Grassroots® Research to help seek out the most attractive investment opportunities and aims to deliver superior returns. The Grassroots® Research network apply innovative market research techniques to identify stock- and sector-specific trends.
Commenting, Nick Smith, Head of Fund Distribution at Allianz Global Investors (UK) Ltd, said: “The agriculture sector is in a period of growth and change. There are two major forces driving this. First, rising affluence in the emerging markets – not just China but India, the Middle East and South America is increasing demand for better quality, protein rich food, such as meat and dairy produce. This places significant demand on the agriculture sector. For example, it takes over 200 square metres of land to produce a kilo of beef versus just 6 square metres to produce a kilo of vegetables. The second major driving force is the increasing demand for biofuels, whether corn-based, US produced fuel or Brazilian sugar-based ethanol. Add to this the supply uncertainties created by climate change and the growing demand for organic food, and you have a sector with many interesting investment opportunities.
Nick Smith, continued:
“Our new fund is designed to invest right across the sector – from businesses producing crops and livestock, to companies processing, distributing and retailing food. Agricultural Trends will complement our BRIC and Eco Trends Funds that similarly tap into the major forces that are re-shaping the world.”
Fast Fund Facts (Luxembourg SICAV)
• Fund name: Allianz RCM Global Agricultural Trends Fund
• Launch date: 1st April 2008
• Registered for sale in the UK from: 1st April 2008*
• Managed by Bryan Agbabian, RCM
• The portfolio will comprise approx. 30 - 80 equities
• Minimum investment: EUR1,000
Proposed Investment Objective
The Fund will invest on global equity markets focusing on companies that participate in the sectors “Raw Materials Production” and “Product Processing and Distribution”.
Charges & Commission
Initial charge - 5%
AMC - 1.75%
Initial commission - 3%
- ENDS -
Notes to Editors:
* - subject to Regulatory Approval.
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. The entire market of a particular asset class sector may fall, having a more pronounced effect on the Fund which is heavily invested in a small number of sectors. 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.
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