- The Fund aims at long-term income and capital growth by investing in global equity and bond markets with a focus on companies whose business will benefit from or is currently related to evolution of intelligent cities and connected communities. With the adoption of the Sustainability Key Performance Indicator Strategy (Relative) (“KPI Strategy (Relative)”), the Fund also seeks to achieve the reduction in greenhouse gas emissions (“GHG”) of the Fund’s portfolio which shall be at least 20% lower than that of its benchmark within the same period (“Sustainability KPI”).
- The Fund is exposed to significant risks of investment/general market, asset allocation, concentration, intelligent cities and connected communities, emerging market, company-specific, creditworthiness/credit rating/downgrading, interest rate, default, valuation, volatility and liquidity and currency (such as exchange controls, in particular RMB), and the adverse impact on RMB share classes due to currency depreciation.
- The Fund is exposed to sustainable investment risks relating to KPI Strategy (Relative) (such as foregoing opportunities to buy certain securities when it might otherwise be advantageous to do so, and/or selling securities when it might be disadvantageous to do so or relying on information and data from third party ESG research data providers and internal analyses which may be subjective, incomplete, inaccurate or unavailable). The Fund focuses on the Sustainability KPI which may reduce risk diversifications and may be more volatile compared to broadly based funds. Also, the Fund 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.
- The Fund may invest in high-yield (non-investment grade and unrated) investments and convertible bonds which may subject to higher risks, such as 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 Fund. Convertibles may also expose to risks such as prepayment, equity movement, and greater volatility than straight bond investments.
- The Fund 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 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 capital or effectively out of the 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 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.
Why invest in Allianz Global Intelligent Cities Income (“the Fund”)?
Intelligent cities use the latest technologies and data to create efficiencies, improve sustainability, promote economic development, and enhance quality of life factors for people living and working in the city.
Capturing the opportunities requires insight into how technology convergence can create impact.
Capturing the opportunities requires insight into how technology convergence can create impact.
A multi-asset total return strategy that is designed to seek for both capital appreciation and potential income by investing in innovative companies across the capital structure benefitting from smart cities.
The Fund may tactically adjust the portfolio to take advantage of changes in equity and credit markets.
The Fund may tactically adjust the portfolio to take advantage of changes in equity and credit markets.
Source: Allianz Global Investors. For illustrative purposes only. There is no guarantee that these investment strategies and processes will be effective under all market conditions and investors should evaluate their ability to invest for a long-term based on their individual risk profile especially during periods of downturn in the market.
Environmental, Social and Governance (ESG) analysis is an integral part of our fundamental research.
Our integrated ESG strategy incorporates material ESG risk considerations into our investment process – across all asset classes – to seek better risk/return profile without restricting the investment universe.
Our integrated ESG strategy incorporates material ESG risk considerations into our investment process – across all asset classes – to seek better risk/return profile without restricting the investment universe.
Environmental, Social and Governance (ESG) strategies consider factors beyond traditional financial information to select securities or eliminate exposure which could result in relative investment performance deviating from other strategies or broad market benchmarks.
We have decades of experience covering innovation, field expertise within sectors, dedicated global resources, and a history of investing across the capital structure.
As of 31 July 2023, the Fund (Class AT (USD) Accumulation) has achieved a return of 49.60% since inception, outperforming its benchmark by 15.37%.
As of 31 July 2023, the Fund (Class AT (USD) Accumulation) has achieved a return of 49.60% since inception, outperforming its benchmark by 15.37%.
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Source: AllianzGI, Morningstar, as at 31 July 2023. #Fund Performance is calculated based on Class AT Accumulation in USD on NAV-to-NAV basis with gross dividend reinvested. Fund Performance Information: 13.42% (YTD 31 July 2023), -25.01% (2022), 13.26% (2021), 47.06% (2020) and 5.60% (2019, from the inception date to the end of the calendar year). Inception Date: 24 June 2019. ^Benchmark: 70% MSCI AC World (ACWI) Total Return Net + 30% ICE BOFAML US Corporate & High Yield Index. The benchmark performance information set out above from 10 March 2021 to 30 August 2022 is based on 70% MSCI AC World (ACWI) Total Return Net + 30% BLOOMBERG BARCLAYS Global Aggregate. The benchmark performance information set out above prior to 10 March 2021 is based on MSCI All Countries World Index. The Benchmark Index was changed on 10 March 2021 to reflect a change of investment objective and policy of the Fund, and changed on 31 August 2022 to better align with the investment universe of the Fund. Past performance is not indicative of future performance.
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