Fund Management

Allianz Global Investors Launches New European Equity Fund

Stephen Little Reporter London 15 May 2013

Allianz Global Investors Launches New European Equity Fund

Allianz Global Investors has launched a new European equity fund which will be managed by Thorsten Winkelmann and Matthias Born. 

The Allianz Europe Equity Growth Select fund will have a portfolio of around 30-45 stocks from the European markets with a minimum market capitalisation of above €5 billion ($4.2 billion), the firm said in a statement.

The managers will take a bottom-up, research-driven investment approach to select stocks with competitive advantages and high barriers to entry.

“This high conviction fund has been launched to provide investors with long-term capital growth by investing in European equities. Against a backdrop of a low growth environment and concerns over top-down issues in Europe, the fund’s bottom-up approach gives investors exposure to a concentrated portfolio of growth stocks," said Nick Smith, head of retail sales at Allianz GI.

In the last three years, the Winkelmann and Born-managed Europe Equity Growth fund has returned 52.3 per cent compared to 28.5 per cent for the benchmark S&P Europe LargeMidCap fund over the same period.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes