A concentrated portfolio focused on the most attractive structural growth ideas
The investment team identifies stocks with structurally above average earnings and cash flow growth, that are consistently able to deliver high returns on capital. The growth team strives to select companies with competitive advantages and high barriers to entry, that are able to compound their stellar returns over the long term.
Bottom-up stock selection
Allianz Europe Equity Growth Select uses the successful investment process of the whole strategy. Individual stock weights are based on the conviction level of structural growth, quality and valuation criteria.
A concentrated portfolio
Allianz Europe Equity Growth Select was developed to take advantage of the team's skill in stock selection, concentrating the portfolio around the highest conviction stocks. The portfolio contains between 30 and 45 stocks in total.A multi award-winning franchise
The European Equity Growth team distinguishes itself with the numerous awards it has won over time1. To name a few, Citywire, Morningstar, Sauren, Finanzen Euro have recognized the high quality and performance of the strategy and related funds.
Objective: Long term capital growth
The Allianz Europe Equity Growth Franchise takes a disciplined and long-term approach to structural growth investing, looking beyond macro economic factors and market volatility to companies that grow regardless of their environment. The strategy boasts an award-winning and consistent track record of outperformance across multiple funds within the franchise2. Maintaining a low portfolio turnover means that stock picking is key, with a focus on Growth, Quality and Valuation.
Growth: The investment team identifies stocks with structurally above average earnings and cash flow growth, that are consistently able to deliver high returns on capital.
Quality: The investment team selects companies with sustainable, long-term competitive advantages and high barriers to entry, that are able to compound their returns over the long term&mdsah;sustaining or even increasing profitability.
Valuation: The Growth team looks for companies with significant remaining upside potential over our 3-5 year time frame.
Fund details, opportunities & risks
1) A ranking, a rating or an award provides no indicator of future performance and is not constant over time
2) A performance of the strategy is not guaranteed and losses remain possible
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. Allianz Europe Equity Growth Select is a sub-fund of Allianz Global Investors Fund SICAV, an open-ended investment company with variable share capital organised under the laws of Luxembourg. The value of the shares which belong to the Share Classes of the Sub-Fund that are denominated in the base currency may be subject to a strongly increased volatility. The volatility of other Share Classes may be different. Past performance is not a reliable indicator of future results. 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 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, but it has not been independently verified; its accuracy or completeness is not guaranteed and no liability is assumed for any direct or consequential losses arising from its use, unless caused by gross negligence or wilful misconduct. 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 investor information, latest annual and semi-annual financial reports, contact the management company Allianz Global Investors GmbH in the fund's country of domicile, Luxembourg, the Swiss funds' representative and paying agent BNP Paribas Securities Services, Paris, Zurich branch, Selnaustrasse 16, CH-8002 Zürich or the editor either electronically or by mail at the given address. Please read these documents, which are solely binding, carefully before investing. Fund prices updated on a daily basis can be found at: regulatory.allianzgi.com. This is a marketing communication issued by Allianz Global Investors (Schweiz) AG, a 100% subsidiary of Allianz Global Investors GmbH, licensed by FINMA (www.finma.ch) for distribution and by OAKBV (Oberaufsichtskommission berufliche Vorsorge) for asset management related to occupational pensions. This communication has not been prepared in accordance with legal requirements designed to ensure the impartiality of investment (strategy) recommendations and is not subject to any prohibition on dealing before publication of such recommendations. The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted.