Notification of changes to underlying funds of Allianz funds
19 Feb 2025
- J48 Allianz Emerging Asia Equity
- H06 Allianz Emerging Asia Equity *
(Affected Mirror Funds 1-2)
- R44 Allianz Total Return Asian Equity
- H09 Allianz Total Return Asian Equity *
(Affected Mirror Funds 3-4)
We have been notified by Allianz Global Investors Fund (SICAV) (the “Company”) of the following upcoming changes to the underlying funds of the above Affected Mirror Funds. These changes will take effect from 28 March 2025 (the “Effective Date”).
Changes to the underlying fund of Affected Mirror Funds 1 - 2
The Company has advised us that from the Effective Date, it has decided to reposition and modify the investment focus of the underlying fund of the Affected Mirror Funds 1 - 2, from equities of Asian emerging markets (excluding Japan, Hong Kong and Singapore) and/or of countries which are constituents of the MSCI Emerging Frontier Markets Asia to equities of Asian markets (excluding PRC).
This change will aim to provide exposure to potential Asian growth but without the risk associated to China and, as such, will no longer invest in the China-A-Shares market. The underlying fund of the Affected Mirror Funds 1 - 2 will continue to invest up to 100% of its assets in emerging markets.
To align with these changes the underlying fund of the Affected Mirror Funds 1 - 2 will change its benchmark from MSCI Emerging Markets Asia Total Return Net to MSCI Emerging Markets Asia ex China 10/40 and change its name to Allianz Asia Ex China Equity. Accordingly, on the Effective Date we will be updating the name of our Affected Mirror Funds 1 - 2 as follows:
| Before the Effective Date | From the Effective Date |
|---|---|
| J48 Allianz Emerging Asia Equity | J48 Allianz Asia Ex China Equity |
| H06 Allianz Emerging Asia Equity * | H06 Allianz Asia Ex China Equity (USD) * |
Changes to the underlying fund of Affected Mirror Funds 3 - 4
The Company will aim to broaden the investment universe of the underlying fund of Affected Mirror Funds 3 - 4 by investing in wider Asian equity markets (excluding Japan), as opposed to its current approach where its focuses on the equity markets of the Republic of Korea, Taiwan, Thailand, Hong Kong, Malaysia, Indonesia, the Philippines, Singapore and/or the PRC.
From the Effective Date, the Company is adding Allianz Global Investors Singapore Limited to represent all the locations involved in the investment management teams.
Please refer to the Allianz Notification opposite for full details of the changes which will be applied from the Effective Date.
These changes will take effect automatically and policyholders do not need to take any action.
Should you have any questions regarding this notification, please contact the Investment Marketing Team.
*Fund applicable to Hong Kong designated policyholders.
