- Concentrated high conviction portfolio with around 45 stocks
- Expansion of the product family around the Allianz China A-Shares and Allianz All China Equity funds
Allianz Global Investors (AllianzGI) has launched the Allianz China A Opportunities fund. It is an extension of the Allianz China A-Shares and Allianz All China Equity product family and invests in Chinese mainland equities (so-called A-shares). The fund is managed by an experienced portfolio management team consisting of Anthony Wong, Sunny Chung and Kevin You.
The new fund consists of a concentrated portfolio of around 45 stocks. The fund management team aims to identify the most promising large and mid cap Chinese mainland stocks, based on fundamental criteria and with their proven stock-selection process. The investment philosophy of this fund is consistent with the Allianz China A-Shares fund but focuses on fewer stocks. The actively managed Allianz China A-Shares has outperformed its benchmark in each of the last five years under the stewardship of Anthony Wong and Sunny Chung.
“In a few days, China will begin the Year of the Ox – an animal that represents strength, perseverance and straightforwardness. Looking at the performance of Chinese equities in recent months, these attributes also seem to fit the stock market. With the Allianz China A Opportunities fund, we are now offering clients a new vehicle which allows investors to participate in China’s long term growth potential in a high conviction portfolio.”Anthony Wong, portfolio manager for Chinese equities
“China is an economic giant, but the country is still underrepresented in conventional equity indices. This will change in the coming years. We expect Chinese equities soon to be perceived and allocated as an asset class in their own right – alongside US equities and European stocks. With the two funds Allianz China A-Shares and Allianz China A Opportunities, which target Chinese mainland equities, and the broader Allianz All China Equity fund, which also includes the so-called H-shares traded in Hong Kong, AllianzGI now offers clients a well-rounded package to participate in the upward trend of the country.”Arne Tölsner, Head of Distribution Germany