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Allianz to ditch RCM brand

Allianz Global Investors is to remove references to RCM from its fund range.

In a move designed to “strengthen the Allianz Global Investors’ brand”, the names of the equity-based Oeic funds will no longer reflect RCM’s management in the fund names from April 30.

“In order to further strengthen the Allianz Global Investors’ brand and to render our fund offering more transparent, we have decided to simplify the names of our equity-based Oeic funds ie. those managed by RCM,” Allianz confirms, adding that the fund strategies will remain the same.

The Allianz PIMCO Gilt Yield fund, Allianz PIMCO Sterling Total Return fund and Allianz PIMCO UK Corporate Bond fund will retain their existing fund names. (article continues below)

Pimco was given full responsibility for the distribution of its own funds across the world in September last year as part of a restructuring of the business.

RCM Capital Management was founded in 1970 and became a wholly-owned subsidiary of Dresdner Bank in 1996, later becoming Dresdner RCM Global Investors.

Allianz and Dresdner Bank merged in 2001 to create Allianz Global Investors, while Dresdner RCM Global Investors rebranded in 2004.

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