Launches & Closures

Allianz converts fund to UCITS


Allianz Global Investors is planning to convert its long-only UK growth fund into a UCITS III-compliant fund, subject to major shareholder approval.

The fund has $96.8 million (£58.1 million) assets under management, and will be run by Jeremy Thomas, chief investment officer for UK equities at RCM.

Jeremy Thomas: CIO for UK equities at RCM

The Allianz RCM UK Absolute Return Fund is expected to launch later in the year. It aims to achieve returns greater than cash or bonds but with considerably less volatility than equities, according to a statement from Allianz.

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