Allianz Global Investors is to launch a high-conviction Ucits IV fund investing in European growth stocks.
The Europe Equity Growth Select fund will have a concentrated portfolio of between 30 and 45 stocks, focusing on stocks the managers consider to be the most attractive structural growth ideas from the European markets. These stocks will have a minimum market capitalisation of above €5 billion and will be correspondingly weighted.
A team, led by Thorsten Winkelmann and Matthias Born, will manage the fund.
Winkelmann says: “Although one cannot ignore the macro picture, which is still rather bleak in Europe, we believe that with a robust stock picking strategy in place, aiming to identify companies with top-class corporate governance as well as the ability to grow their earnings and cash flows in an uncertain environment.”
He says the strategy has no active country allocation and the stock selection process is benchmark agnostic.
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