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Allianz Thematic Income

Invests In 7 core Themes For Future Growth

Multi-Asset | Global

  • The Fund aims at income and long-term capital appreciation by investing in global interest bearing securities and global equities with a focus on theme and stock selection.
  • The Fund is exposed to significant risks which include investment/general market, thematic concentration, thematic-based investment strategy, asset allocation, emerging market, company-specific, creditworthiness/credit rating/downgrading, interest rate changes, default, volatility and liquidity, valuation, and currency (such as exchange controls, in particular RMB), and the adverse impact on RMB share classes due to currency depreciation.
  • The Fund may invest in financial derivative instruments (“FDI”) which may expose the Fund to higher leverage, counterparty, liquidity, valuation, volatility, market and over the counter transaction risks. The use of derivatives may result in losses to the Fund which are greater than the amount originally invested. The Fund’s net derivative exposure may be up to 50% of the Fund’s net asset value.
  • This investment 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 material.
Note: Dividend payments may, at the sole discretion of the Investment Manager, be made out of the 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 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 Fund.
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7 investable themes

are influencing our daily life

Over the past decades, the world economy has seen structural transformations sparked by technological innovation, urbanisation, resource scarcity, and changes in the demographic and social landscapes. Identifying these macro-level themes allows investors to capitalise on future trends and capture the best investment opportunities over a long-term horizon.
1. Health Technology
Health Tech, such as wearable biosensing technology and cloud database, will become an increasingly important part of our everyday life and the health care industry.
2. Pet Economy
The potential for growth in pet food, toys, beauty and medical expenses is very attractive.
3. Infrastructure
This theme covers a wide range of raw material manufacturers, construction companies and equipment suppliers.
4. Next Generation Energy
Clean energy, efficient energy storage and sustainable energy consumption patterns will dominate the future energy world.
5. Intelligent Machines
The theme looks at robotics, automation and supporting software.
6. Clean Water and Land
Companies that improve the water supply, water quality or water efficiency, as well as companies engaging in recycling and waste treatment, will be in the spotlight.
7. Digital Life
eCommerce, social media and videoon-demand are becoming more mature, while areas such as digital finance, eSports and remote working offer huge potential.
Why invest in Allianz Thematic Income (“the Fund”)?
1. A diversified portfolio across global
equity and credit markets
Health Tech, such as wearable biosensing technology and cloud database, will become an increasingly important part of our everyday life and the health care industry.
2. Equity Sleeve: Participate in growth
areas of the world’s economy
The Fund aims to identify the investment opportunities that arise from structural shifts by investing in the themes best positioned to benefit from these long-term fundamental changes.

The equity sleeve aims to control portfolio volatility through diversification of holdings. The equity sleeve targets to have 150 to 200 holdings which imply the average weighting of each equity holding to be no more than 1.5% of the equity sleeve.
3. Attractive income after macro reset
Global corporate credit yields have repriced to attractive levels for income generation.

The yields of Emerging Markets (EM) Corporate High Yield was up to nearly 9% from 5.18% (lows in recent years) and the yields of Euro Corp Investment Grade turned from negative to positive.
Source : J.P. Morgan, Bloomberg Finance L.P. As of 31 January 2023. Note: Global Aggregate ex-Treasury = Bloomberg Global-Aggregate Total Return Index Value Unhedged USD. JPM US Corp Investment Grade = J.P. Morgan US Liquid Index ex-Emerging Markets. JPM Euro Corp Investment Grade = J.P. Morgan Aggregate Index Euro. JPM EM Corp High Yield = J.P. Morgan Corporate Emerging Markets Bond HY Plus Index. JPM EM Corp Investment Grade = J.P. Morgan Corporate Emerging Markets Bond IG Plus Index. Past performance is not indicative of future results. The information above is provided for illustrative purposes only, it should not be considered a recommendation to purchase or sell any particular security or strategy or an investment advice.
4. Lower portfolio volatility with
additional sources of income
The Fund invests in global corporate credits and global emerging market corporate bonds, which aims to provide additional sources of income and manages the volatility of the portfolio.
Source: AllianzGI, Bloomberg as of 31 December 2022. Note: MSCI ACWI Net Total Return USD Index = MSCI All-Country World Index Total Return USD Index. JPM ESG CEMBI BD Diversified index = J.P. Morgan ESG Corporate Emerging Markets Bond Index Diversified. Bloomberg Barclay Global Agg Credit TR Index unhedged USD = Bloomberg Barclay Global Aggregate Credit Total Return Index unhedged USD. Past performance is not indicative of future performance.
5. Credit Sleeve : Global corporate credits and
emerging markets corporate bonds
The strategic allocation is distributed between 50% Global Corporae Credits SRI and 50% Emerging Markets Corporate Bonds SRI.

Both global corporate credits and global emerging markets corporate bonds sleeves screen companies, via our proprietary Socially Responsible Investment (SRI) process, for controversies which could impact future performance and excludes controversial businesses from its investment universe. This will help to improve portfolio quality and promote sustainability objectives and values.
A stream of potential income
The Fund’s AM and AMg share classes aim to pay monthly dividend (yields are not guaranteed, dividend may be paid out from capital)Note. It helps investors to capture potential source of income.
The Latest Strategies
Disruption – opportunities in change
New technology and other innovations are making our current era into an age of disruption, presenting challenges for corporates and national governments, as well as opportunities for investors. Yet this is more than just a tech story; the knock-on effects will be extremely broad as a range of sectors and industries seek to leverage artificial intelligence and other advances. Indeed, the winners will be those corporates – and investors – who most keenly identify the opportunities that change brings and leverage these advances effectively. Here, we highlight three areas where disruption is underway and likely to accelerate – and where change will create opportunities for success.
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Themes Selection Idea
The thematic investing is identifying and capturing long term structural developments and focus on what is important in the long run.

Traditional equity investment is something too constraining for us to capture the opportunities that arise from the megatrends that we can translate into themes. Also actively managed multi-thematic investing has a broader way of looking at the market, and capture the opportunity on the equity market.
Thematic Investing Outlook
The thematic investing is identifying and capturing long term structural developments and focus on what is important in the long run.

Traditional equity investment is something too constraining for us to capture the opportunities that arise from the megatrends that we can translate into themes. Also actively managed multi-thematic investing has a broader way of looking at the market, and capture the opportunity on the equity market.

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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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