Notification of changes to the underlying funds of various Allianz funds
18 Feb 2025
Notification of changes to the underlying funds of:
• R215 Allianz Emerging Asia Equity
• R147 Allianz Total Return Asian Equity
We have been notified by Allianz Global Investors Fund (SICAV) (the “Company”) of the following upcoming changes to the underlying funds of the investment-linked policy sub-funds (“ Affected ILP sub-funds”) named above. These changes will take effect from 28 March 2025 (the “Effective Date”).
Changes to the underlying fund of R215 Allianz Emerging Asia Equity (the “Affected ILP sub-fund 1”)
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 ILP sub-fund 1, 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 ILP sub-fund 1 will continue to invest up to 100% of its assets in emerging markets.
To align with these changes the underlying fund of the Affected ILP sub-fund 1 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 ILP sub-fund 1 as follows:
| Before the Effective Date | From the Effective Date |
|---|---|
| R215 Allianz Emerging Asia Equity | R215 Allianz Asia Ex China Equity (USD) |
Changes to the underlying fund of R147 Allianz Total Return Asian Equity (the “Affected ILP sub-fund 2”)
The Company will aim to broaden the investment universe of the underlying fund of Affected ILP sub-fund 2 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
For further details please refer to the Appendix in the Sample Client Communication opposite.
These changes will take effect automatically and policyholders do not need to take any action. We recommend that policyholders seek the advice of their usual financial adviser before making any investment decisions.
We have contacted impacted policyholders and their financial advisers to notify them of the changes; primarily by e-shot, with letters sent by post where we do not hold a valid email, and to those who prefer to receive letters by post.
Should you have any questions regarding this notification, please contact the Investment Marketing Team.
