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Allianz launches total return ‘C’ share class

Allianz Global Investors has added a ‘C’ share class to its Pimco Sterling total return fund.

T c-share class annual management fee is 0.75 per cent, compared to the ‘A’ share class fee which is 1.25 per cent.

Allianz hopes to lure IFAs who prefer a lower annual management charge to trail commission.

The minimum investment is 2m.

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