Allianz Euro Rentenfonds
DE0008475047
Defensive fund for medium duration EUR bonds
A (EUR)
Redemption Price
Redemption Price 49,9300 EURRedemption Price Change
Redemption Price Change 0,10%Summary Risk Indicator
Key Facts
as of 23/05/2025
Fund manager
Johannes Reinhard
Since 12/12/2013
Fund objectives
The fund invests primarily in the Euro bond market. Securities acquired must have a good credit rating (investment-grade). Its investment objective is to attain a return in line with the market.
Opportunities
- Interest income on bonds, capital gains opportunities on declining interest rates
- High-grade bonds tend to be exceptionally stable in value
- Broad diversification across numerous securities
- Potential additional returns from single security analysis and active management
Risks
- Interest rates vary, bonds suffer price declines on rising interest rates
- Limited return potential of high-grade bonds
- Limited participation in the potential of individual securities
- No guarantee of the success of single security analysis and active management
Review
Euro-zone bonds closed May slightly higher. While fears of a US default caused the yield on the 10-year German Bund to rise back above 2.5% for the first time in two months, yields subsequently declined again amid growing hopes that euro-zone inflation would resume its downward trend in May. Greek bonds were notably strong, with the 10-year yield falling below 4.0% for the first time since December, following a better-than-expected result for the ruling centre-right party in Greece’s parliamentary election which boosted optimism about the potential unveiling of market-friendly reforms.
Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors might not get back the full amount invested. Investing in fixed income instruments may expose investors to various risks, including but not limited to creditworthiness, interest rate, liquidity and restricted flexibility risks. Changes to the economic environment and market conditions may affect these risks, resulting in an adverse effect to the value of the investment. During periods of rising nominal interest rates, the values of fixed income instruments (including positions with respect to short-term fixed income instruments) are generally expected to decline. Conversely, during periods of declining interest rates, the values of these instruments are generally expected to rise. Liquidity risk may possibly delay or prevent account withdrawals or redemptions. Allianz Euro Rentenfonds is an open-ended investment fund organised under the laws of Germany. The value of the fund units/shares may be subject to elevated volatility. Past performance does not predict future returns. If the currency in which the past performance is displayed differs from the currency of the country in which the investor resides, then the investor should be aware that due to the exchange rate fluctuations the performance shown may be higher or lower if converted into the investor’s local currency. This is for information only and not to be construed as a solicitation or an invitation to make an offer, to conclude a contract, or to buy or sell any securities. The products or securities described herein may not be available for sale in all jurisdictions or to certain categories of investors. This is for distribution only as permitted by applicable law and in particular not available to residents and/or nationals of the USA. The investment opportunities described herein do not take into account the specific investment objectives, financial situation, knowledge, experience or specific needs of any particular person and are not guaranteed. The Management Company may decide to terminate the arrangements made for the marketing of its collective investment undertakings in accordance with applicable de-notification regulation. The views and opinions expressed herein, which are subject to change without notice, are those of the issuer companies at the time of publication. The data used is derived from various sources, and assumed to be correct and reliable at the time of publication. The conditions of any underlying offer or contract that may have been, or will be, made or concluded, shall prevail. For a free copy of the sales prospectus, incorporation documents, daily fund prices, Key Information Document, latest annual and semi-annual financial reports, contact the management companyAllianz Global Investors GmbH in the fund’s country of domicile, Germany, [the Swiss funds’ representative and paying agent BNP Paribas Securities Services, Paris, Zurich branch, Selnaustrasse 16, CH-8002 Zürich - for Swiss retail investors only] or the editor either electronically or by mail at the given address or regulatory.allianzgi.com. Please read these documents, which are solely binding, carefully before investing. This is a marketing communication issued by Allianz Global Investors (Schweiz) AG, a 100% subsidiary of Allianz Global Investors GmbH. The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights. The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted; except for the case of explicit permission by Allianz Global Investors GmbH.