Italy's Allianz Global Investors has launched Allianz Europe Equity Growth Select, a new fund added to its European Equity Growth products.
Italy’s Allianz Global Investors has launched Allianz Europe Equity Growth Select, a new fund added to its European Equity Growth products.
The fund will be managed by Allianz GI’s portfolio managers Thorsten Winkelmann (pictured) and Matthias Born.
Based on a bottom-up research-driven investment strategy, the fund currently includes 30-45 stocks which focus on structural growth factors at a European level.
The investment philosophy follows that of Allianz Europe Equity Growth fund, which has had positive performance in every phase of the European market, according to Allianz GI.
Winkelmann and Born’s strategy aims at identifying stocks which show growth of profit and cash flows above the average.
The bottom-up investment approach is also used to select stocks with a competitive advantage and high barriers to entry.
Alberto D’Avenia, country head Italia of Allianz Global Investors Europe, commented: “Counting on Winkelmann and Born’s long-term experience, we have launched this fund in Italy too to provide investors with the possibility of increasing long-term capital by investing in European stocks.
“In the current European scenario of low growth and macroecomic concerns, the fund’s bottom-up approach offers investors the possibility to choose from a portfolio based on growth stocks.”
The fund has already been launched earlier this year at a European level.
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