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New share classes open Allianz GI's global small cap fund to the UK
by Elsa Buchanan on Sep 17, 2013 at 13:05
Allianz Global Investors is expanding access to Andrew Neville’s Allianz Global Small Cap Equity fund with the launch of a series of share classes across the UK.
The fund, which was launched in June, is now registered across a number of markets in Europe, including the UK, Austria, Finland, France, Germany, Luxembourg, Netherlands, Norway and Sweden.
The new share classes will give investors access to the Global Small Cap strategy, which has delivered a total return of 28.46% since its inception in March 2011.
The portfolio is an aggregation of four dedicated regional sub-portfolios North America, Europe, Japan and Asia with fixed weightings to each area in line with the benchmark.
Announcing the new share classes, Neville said: ‘In an environment of low growth and higher inflation, global smaller companies - 25% of the world’s market capitalisation - could provide sustainable profit growth.’
According to its prospectus, the Luxembourg-domiciled fund can invest in up to 190 smaller companies with attractive risk/reward profiles.
Nick Smith (pictured), head of European retail sales, added that smaller companies often have an advantage over mid and large caps in a low growth environment as they are able to finance their own growth, making them 'less constrained' by the effects of banks restricting their lending books.
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