EUROPE - Allianz Global Investors has launched a range of five funds specifically designed for pan-European investors, covering Europe, US, Japan and emerging markets.
Allianz said its Global Investors Premier range would mirror existing Allianz funds with proven track records and managers and four or five star ratings from Standard & Poors. More funds are planned to be added to the current range of five some time next year.
The funds are now available across the UK and registration is planned, subject to regulatory approval, for Germany, France, Italy, Netherlands, Spain and Sweden by the end of the year.
Commenting on the launch, Nick Smith, head of sales and marketing at Allianz Global Investors (UK), said: "There is no better time to launch this initiative to our Pan-European clients. As our clients build their businesses on a Pan-European basis, so we must meet their needs for funds that are available to buy across Europe."
Management fees for the funds are set at between 0.41% and 0.88% for the P, I and W Share classes, and for the A Share and C Share classes, the fee is between 1.35% and 1.75%.
There is no minimum investment for the A and C Share classes.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.