Allianz Global Investors is pleased to announce that its Allianz RCM Global EcoTrends Fund is now available via Skandia’s life & pensions and Selestia Investment Solutions investment platforms.
Nick Smith, Head of Fund Distribution at Allianz Global Investors (UK) Ltd, said:
"Despite difficult market conditions since its launch six months ago, Allianz RCM Global EcoTrends has really bucked the trend, outperforming its sector average by more than 8 per cent1 over the last six months, and seeing strong levels of demand from intermediaries, with now in excess of £15m in AUM2. I’m therefore delighted that Skandia has taken the decision to include the Fund on their platform, and we are looking forward to working with their experienced team.”
Graham Bentley, Head of Investment Marketing, Skandia, added:
"At Skandia, we constantly look to enhance our range of funds so they provide advisers and their clients with a suitable amount of investment options to meet their individual investment objectives. We're very pleased to be building on the strength of our relationship with Allianz Global Investors by adding this exciting Global EcoTrends Fund which will form a nice addition to both our Skandia Life and Skandia Investment Group offerings."
Investment Objective
The Fund invests 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.
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 on Skandia life & pensions platform: 8th September 2008*
• Managed by Bozena Jankowska
• The portfolio comprises approx. 50 -70 equities
• UK-registered OEIC
• Minimum investment: £500 (£1,000 for ISA)
- ENDS -
Notes to Editors
1 - Source: Allianz Global Investors/ Lipper, 4.88% for Allianz RCM Global EcoTrends Fund vs -3.81% for IMA Global Growth sector. Six months to 19/09/08 (latest available). Bid to bid after basic rate tax.
2 - Source: Allianz Global Investors as at end August 2008.
* Launch date on Selestia Invesment Solutions platform: 14th February 2008
Details of the specific and general risks associated with our funds are contained within the simplified prospectus. You should always read this before investing. For a copy visit www.allianzgi.co.uk or telephone 0800 84 84 94.' 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 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 press release is intended for journalists in their professional capacity and is not intended to be a financial promotion. Issued in the UK by Allianz Global Investors (UK) Ltd., 155 Bishopsgate, London, EC2M 3AD. Authorised and regulated by the Financial Services Authority.
29/09/2008
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