View more on these topics

Allianz unleashes eco-trends fund

Allianz Global Investors has made its RCM global eco-trends fund available to retail investors.

The fund was launched in January and is managed by Bozena Jankowska and Paul Schofield. It aims for growth by investing in the equities of companies that benefit from trends in eco-energy, pollution control and clean water.

Eco-energy refers to alternative energy and energy efficiency; pollution control covers environmental quality, waste management and recycling; while clean water includes water treatment and supply.

The fund is benchmarked against the Impax Environmental Technology ndex, which comprises the biggest environment technology companies around the world. It is not possible to invest directly in the index.

Reasons for growth in eco-energy include the increasing need to find alternatives to the limited supply of fossil fuels. This makes renewable energy such as wind and solar power, energy efficiency through lighting and insulation, and hybrid cars interesting investment opportunities.

Pollution control is seen as a growth area because the amount of waste around the world is growing faster than the population and this could create opportunities in air cleaning/filtering, recycling and industrial pollution control.

Finally, clean water is set to grow due to inefficiencies in supply such as decaying pipes. This creates investment opportunities in infrastructure-related areas such as pipes, pumps and water purification.

The fund can invest in companies of any size but a big proportion will go into smaller companies including early stage companies.

According to Allianz, firms providing solutions to environmental problems and companies that use their services will benefit from global eco-trends.

However, the structure of the fund limits when investors can sell shares could put some investors off. This interval closed-ended structure allows the fund manager to invest in smaller, potentially less liquid companies but the drawback is that investors may not be allowed to sell the number of shares they want at the time they want to sell. To provide liquidity in the fund for shareholders, quarterly offers to repurchase 5-25 per cent of the shares will be made but this may not be enough for some people.


Acronym and acrimony

Last week’s comment piece in Money Marketing in which Towry Law chief executive Andrew Fisher suggested that Aifa really stands for Amalgamation of Ignorant Flat Earth Advocates is unlikely to win him many friends among readers of this newspaper.

Multi mangled

Britain’s most popular multi-manager is failing to shine on performance

HSBC looks at wrap links for OpenFunds

HSBC Investments is considering future distribution links with wrap platforms for its HSBC open global return and HSBC open global distribution funds.

Greg Broomer 2

Survey looks at the challenges facing businesses post auto-enrolment

A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm