Data Protection Policy

Last updated: 01/2022 


As a data controller, Allianz Global Investors Asia Pacific Limited ("Allianz Global Investors" or "we", 32/F, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong) would like to thank you for visiting our website (the “Website”) and for your interest in our services and products.


Your privacy is important to us and we want you to feel comfortable when visiting our site. We take steps to ensure that your personal data, (i.e. any  information relating to an identified or identifiable natural person) collected, processed and used in connection with your visit to our Website will be protected from unauthorised access, misuse, loss and destruction. We permit the anonymous use of the Website, or the use of the site under a pseudonym as far as technically possible and reasonable. 


This Data Protection Policy may be updated from time to time. We therefore ask you to consult it regularly.

We have created this Data Protection Policy to explain how and why specific types of personal data are collected from users of this Website, are processed and used. This Data Protection Policy also provides an overview of the appropriate protection measures taken to safeguard your personal data.

What is the purpose and scope of this Data Protection Policy? 

This Data Protection Policy applies to all personal data collected, processed and used by Allianz Global Investors when you visit the website located at http://hk.allianzgi.com and any webpages accessible that do not indicate that the visitor is leaving (or has left) the Allianz Global Investors Hong Kong Website.  It does not apply to websites controlled by third parties to which the website may contain links (“third-party websites") or any Allianz Global Investors affiliate websites, which have their own data protection policies. 

Please check the data protection policies of third-party sites, as Allianz Global Investors is not responsible for the content or privacy measures of third-party sites and has no control over them. 

The content of this Data Protection Policy may also be subject to any additional conditions or disclaimers or other contractual terms that you have entered into with Allianz Global Investors, as well as any applicable and binding laws and regulations. 

What information do we collect from you and for what purposes? 

When you visit the Website, our web server automatically records details of your visit (for example your IP address, the website from which you linked to our Website, the type of browser software used, the individual sub-pages of the Website that you actually accessed, the date and duration of your visit). 

While using the Website, we do not collect or store your personally identifiable information. You may nevertheless be asked to submit your personal data such as name, e-mail address and phone number in order for you to raise an inquiry, subscribe to newsletters alerts or other forms of marketing, or for us to contact you.

Allianz Global Investors will only collect, process and use your personal data as reasonably necessary for the purpose of:
• addressing your enquiries
• sending you marketing materials as subscribed to by you
• observing and legal, governmental or regulatory requirements of any relevant jurisdiction

It is not mandatory that you provide us with your personal information, provided that you acknowledge that if you do not provide us with your personal data, we may not be able to provide you with our products and services.


On what legal basis do we process the data, and for how long do we store your personal data? 

Your personal data is processed in accordance with the above-mentioned purposes for the completion of (pre-)contractual measures and to pursue our legitimate interests. 

We store your personal data for as long as we need it to achieve these objectives. As soon as we no longer need your personal data for the purposes mentioned, we will delete the data from our systems, unless we are legally obliged to store it. 

How do we use tracking technologies? 

Allianz Global Investors uses tracking technologies such as cookies and tags. For details on how we use cookies and similar technologies, please refer to our Allianz Global Investors Cookies Policy 

Who do we share your information with? 

We will keep any personal data held by us confidential. For the purposes set out above, Allianz Global Investors may share your information with affiliates and representatives of Allianz Global Investors, and third parties such as marketing agencies or web analytics service providers within and outside of your country of residence. 

Our affiliates (see https://www.allianzgi.com/en/our-firm/contact-us), representatives and third parties who have access to the personal data collected, processed and used via the Website are obliged to observe data protection regulations. 

We may also share your information with government agencies and institutions, regulators, etc. in accordance with the applicable laws, regulations, a court order or an official request, or in accordance with and for the purposes of official (regulatory) policies or similar procedures as required or permitted by applicable law. 

Information may be transferred to Allianz Global Investor affiliates located in countries outside your country of residence, whose laws may offer a lower level of data protection. 


How do we handle electronic messages sent to and from Allianz Global Investors? 


All electronic messages sent to and from Allianz Global Investors are protected by appropriate technical and organisational measures within our systems, and may only be accessed by individuals not directly involved in the communication in specific, justified cases according to the applicable laws and regulations (e.g. a court ruling, suspected criminal behaviour, breach of supervisory obligations); they are only accessed by certain individuals in defined functions (e.g. legal, compliance, risk). Each part of the procedure and the search criteria used are logged.


What should you bear in mind when sending data over the internet?


The internet is generally not considered to be a secure environment, and information sent via the internet (such as to or from the Website, or as an electronic message) may be intercepted by unauthorised third parties, which may lead to divulging information, changes to content or technical failure. Even if both the sender and the recipient are located in the same country, data sent via the internet may be transmitted across international borders and forwarded to a country where the level of privacy is lower than in your country of residence. 


Please note that we do not accept any responsibility or liability for the security of your data while it is being transmitted via the internet to Allianz Global Investors. To protect your privacy, we remind you that you can use other means of communication with Allianz Global Investors where appropriate. 


How can you exercise your rights as a user?


Where permitted by law, you have the right to:


• Request information about your personal data, including information such as the source and categories of data, reasons for processing, recipients (or categories of recipients) and the retention period; 
• Request to update or correct your personal data if such data is inaccurate;
• Request that your personal data be deleted from our systems, once it is no longer required for the above-mentioned purposes.

Please contact us if you have any questions or comments regarding privacy or to exercise your aforementioned rights: 


Data Protection Officer 
c/o Allianz Global Investors Asia Pacific Limited 
32/F, Two Pacific Place
88 Queensway, Admiralty
Hong Kong


Use of social network plug-ins: 


Our Website uses the following social media plug-ins (“plug-ins” below): 


• Facebook share button, operated by Facebook Inc., 1601 S. California Ave, Palo Alto, CA 94304, USA 
• LinkedIn share button, operated by LinkedIn Corporation, 2029 Stierlin Court, Mountain View, CA 94043, USA 
• WeChat share button, operated by Tencent Holdings Limited, headquartered at Tencent Building, Kejizhongyi Avenue, Hi-tech Park, Nanshan District, Shenzhen 518057, China
• YouTube, operated by YouTube LLC, headquartered at 901 Cherry Avenue, San Bruno, CA 94066, USA.


All plug-ins are labelled with the brand of the respective operator (the “operators”): Facebook, LinkedIn, YouTube and WeChat. 


When you visit the web page that contains a social network plug-in, your browser creates a direct connection to the operator’s servers. The operator submits the content of the plug-in directly to your browser, which embeds it in the web page, thereby enabling the operator to obtain the information that you have accessed the corresponding sub-page of our Website. Allianz Global Investors therefore has no control over the data collected by the plug-in and we inform you to the best of our knowledge that: The embedded plug-ins inform the operator that you have accessed the corresponding sub-page of our Website. If you do not want this information to be transmitted to the operators, you must log out of your respective account with them before visiting our Website. 


For more information on the purpose and scope of collection, processing and use of data, please refer to the data protection policies of these operators: 
• Facebook: https://www.facebook.com/about/privacy/
• LinkedIn: https://www.linkedin.com/legal/privacy-policy
• WeChat: https://www.wechat.com/mobile/htdocs/en/privacy_policy.html
• YouTube: https://www.google.com/policies/privacy/ 


Personal Data (Privacy) Ordinance


Allianz Global Investors is fully committed to protecting the privacy interests of individuals who provide us with information about themselves and to ensuring compliance with the Personal Data (Privacy) Ordinance.


Allianz Global Investors

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Welcome to Allianz Global Investors

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  • Allianz Global Investors Fund (“AGIF”)

    • Allianz Global Investors Fund (“AGIF”) as an umbrella fund under the UCITS regulations has within it different sub-funds investing in fixed income securities, equities, and derivative instruments, each with a different investment objective and/or risk profile.

    • All sub-funds (“Sub-Funds”) may invest in financial derivative instruments (“FDI”) which may expose to higher leverage, counterparty, liquidity, valuation, volatility, market and over the counter transaction risks. A Sub-Fund’s net derivative exposure may be up to 50% of its NAV. 

    • Some Sub-Funds as part of their investments may invest in any one or a combination of the instruments such as fixed income securities, emerging market securities, and/or mortgage-backed securities, asset-backed securities, property-backed securities (especially REITs) and/or structured products and/or FDI, exposing to various potential risks (including leverage, counterparty, liquidity, valuation, volatility, market, fluctuations in the value of and the rental income received in respect of the underlying property, and over the counter transaction risks). 

    • Some Sub-Funds may invest in single countries or industry sectors (in particular small/mid cap companies) which may reduce risk diversification. Some Sub-Funds are exposed to significant risks which include investment/general market, country and region, emerging market (such as Mainland China), creditworthiness/credit rating/downgrading, default, asset allocation, interest rate, volatility and liquidity, counterparty, sovereign debt, valuation, credit rating agency, company-specific, currency  (in particular RMB), RMB debt securities and Mainland China tax risks. 

    • Some Sub-Funds may invest in convertible bonds, high-yield, non-investment grade investments and unrated securities that may subject to higher risks (include volatility, loss of principal and interest, creditworthiness and downgrading, default, interest rate, general market and liquidity risks) and therefore may adversely impact the net asset value of the Sub-Funds. Convertibles will be exposed prepayment risk, equity movement and greater volatility than straight bond investments.

    • Some Sub-Funds may invest a significant portion of the assets in interest-bearing securities issued or guaranteed by a non-investment grade sovereign issuer (e.g. Philippines) and is subject to higher risks of liquidity, credit, concentration and default of the sovereign issuer as well as greater volatility and higher risk profile that may result in significant losses to the investors. 

    • Some Sub-Funds may invest in European countries. The economic and financial difficulties in Europe may get worse and adversely affect the Sub-Funds (such as increased volatility, liquidity and currency risks associated with investments in Europe).

    • Some Sub-Funds may invest in the China A-Shares market, China B-Shares market and/or debt securities directly  via the Stock Connect or the China Interbank Bond Market or Bond Connect and or other foreign access regimes and/or other permitted means and/or indirectly through all eligible instruments the qualified foreign institutional investor program regime and thus is subject to the associated risks (including quota limitations, change in rule and regulations, repatriation of the Fund’s monies, trade restrictions, clearing and settlement, China market volatility and uncertainty, China market volatility and uncertainty, potential clearing and/or settlement difficulties and, change in economic, social and political policy in the PRC and taxation Mainland China tax risks).  Investing in RMB share classes is also exposed to RMB currency risks and adverse impact on the share classes due to currency depreciation.

    • Some Sub-Funds may adopt the following strategies, Sustainable and Responsible Investment Strategy, SDG-Aligned Strategy, Sustainability Key Performance Indicator Strategy (Relative), Green Bond Strategy, Multi Asset Sustainable Strategy, Sustainability Key Performance Indicator Strategy (Absolute Threshold), Environment, Social and Governance (“ESG”) Score Strategy, and Sustainability Key Performance Indicator Strategy (Absolute). The Sub-Funds may be exposed to sustainable investment risks relating to the strategies (such as foregoing opportunities to buy certain securities when it might otherwise be advantageous to do so, selling securities when it might be disadvantageous to do so, and/or relying on information and data from third party ESG research data providers and internal analyses which may be subjective, incomplete, inaccurate or unavailable and/or reducing risk diversifications compared to broadly based funds) which may result in the Sub-Fund being more volatile and have adverse impact on the performance of the Sub-Fund and consequently adversely affect an investor’s investment in the Sub-Fund. Also, some Sub-Funds may be particularly focusing on the GHG efficiency of the investee companies rather than their financial performance which may have an adverse impact on the Fund’s performance.

    • Some Sub-Funds may invest in share class with fixed distribution percentage (Class AMf). Investors should note that fixed distribution percentage is not guaranteed. The share class is not an alternative to fixed interest paying investment. The percentage of distributions paid by these share classes is unrelated to expected or past income or returns of these share classes or the Sub-Funds. Distribution will continue even the Sub-Fund has negative returns and may adversely impact the net asset value of the Sub-Fund.  Positive distribution yield does not imply positive return.

    • Investment involves risks that could result in loss of part or entire amount of investors’ investment.

    • In making investment decisions, investors should not rely solely on this [website/material].

    Note: Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Sub-Fund’s capital or effectively out of the Sub-Fund’s capital which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Sub-Fund available for investment in the future and capital growth may be reduced, in particular for hedged share classes for which the distribution amount and NAV of any hedged share classes (HSC) may be adversely affected by differences in the interests rates of the reference currency of the HSC and the base currency of the respective Sub-Fund. Dividend payments are applicable for Class A/AM/AMg/AMi/AMgi/AQ Dis (Annually/Monthly/Quarterly distribution) and for reference only but not guaranteed.  Positive distribution yield does not imply positive return. For details, please refer to the Sub-Fund’s distribution policy disclosed in the offering documents.

     


    Allianz Global Investors Asia Fund

    • Allianz Global Investors Asia Fund (the “Trust”) is an umbrella unit trust constituted under the laws of Hong Kong pursuant to the Trust Deed. Allianz Thematic Income and Allianz Selection Income and Growth and Allianz Yield Plus Fund are the sub-funds of the Trust (each a “Sub-Fund”) investing in fixed income securities, equities and derivative instrument, each with a different investment objective and/or risk profile.

    • Some Sub-Funds are exposed to significant risks which include investment/general market, company-specific, emerging market, creditworthiness/credit rating/downgrading, default, volatility and liquidity, valuation, sovereign debt, thematic concentration, thematic-based investment strategy, counterparty, interest rate changes, country and region, asset allocation risks and currency (such as exchange controls, in particular RMB), and the adverse impact on RMB share classes due to currency depreciation.  

    • Some Sub-Funds may invest in other underlying collective schemes and exchange traded funds. Investing in exchange traded funds may expose to additional risks such as passive investment, tracking error, underlying index, trading and termination. While investing in other underlying collective schemes (“CIS”) may subject to the risks associated to such CIS. 

    • Some Sub-Funds may invest in high-yield (non-investment grade and unrated) investments and/or convertible bonds which may subject to higher risks, such as volatility, creditworthiness, default, interest rate changes, general market and liquidity risks and therefore may  adversely impact the net asset value of the Fund. Convertibles may also expose to risks such as prepayment, equity movement, and greater volatility than straight bond investments.

    • All Sub-Funds may invest in financial derivative instruments (“FDI”) which may expose to higher leverage, counterparty, liquidity, valuation, volatility, market and over the counter transaction risks.  The use of derivatives may result in losses to the Sub-Funds which are greater than the amount originally invested. A Sub-Fund’s net derivative exposure may be up to 50% of its NAV.

    • These investments may involve risks that could result in loss of part or entire amount of investors’ investment.

    • In making investment decisions, investors should not rely solely on this website.

    Note: Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Sub-Fund’s income and/or capital which in the latter case represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per distribution unit and the capital of the Sub-Fund available for investment in the future and capital growth may be reduced, in particular for hedged share classes for which the distribution amount and NAV of any hedged share classes (HSC) may be adversely affected by differences in the interests rates of the reference currency of the HSC and the base currency of the Sub-Fund. Dividend payments are applicable for Class A/AM/AMg/AMi/AMgi Dis (Annually/Monthly distribution) and for reference only but not guaranteed.  Positive distribution yield does not imply positive return. For details, please refer to the Sub-Fund’s distribution policy disclosed in the offering documents.

     

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