Allianz Global Investors, one of the world’s leading active management companies, announces the launch of the Global Intelligent Cities fund in France. Allianz Global Intelligent Cities is a thematic fund that aims to take advantage of the long-term growth opportunity presented by the development of intelligent cities by investing in companies that participate in their development. It is a total return fund designed to generate both capital appreciation and regular income by investing at all levels of a company’s capital structure. The fund aims to achieve equity-like performance with lower volatility through a multi-asset approach.
The theme of smart cities is one of the mega-trends for growth. Driven by urbanization, economic growth, and technological development, cities are expected to generate 85% of the world’s growth over the next decade. Emerging smart cities use disruptive technologies and new innovations to improve sustainability, promote economic development, and optimize quality of life factors for those who live and work there. In this context, the construction of smart cities represents a vast investment opportunity: the market related to smart city ecosystems could reach more than 3,000 billion USD by 2025.
Allianz Global Intelligent Cities targets companies in sectors such as software and services, security and healthcare, home applications, infrastructure, construction, clean energy and mobility. AllianzGI’s rigorous fundamental research process identifies the most innovative companies in these sectors and then determines the most favorable investment opportunity within the capital structure. The fund is managed by two experienced AllianzGI teams, Income and Growth and Artificial Intelligence.
“We are pleased to be able to offer our clients access to a multi-asset thematic fund that targets a high-growth sector, and is closely linked to the fight against global warming and improved environmental protection. Allianz Global Intelligent Cities offers the opportunity to invest in companies that aim to manage resources more efficiently to improve the quality, safety and sustainability of city life. In addition, this fund benefits from the combination of two management teams recognized for their experience and quality.”Doris Bernheim, Head of External Distribution at AllianzGI in Paris