Last updated: 03:58 / Thursday, 4 February 2021
China A-shares

Allianz GI Expands Fund Offering for Chinese Mainland Equities

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  • The fund is an extension of the Allianz China A-Shares and Allianz All China Equity product family
  • The strategy invests in Chinese mainland equities (so-called A-shares) and is managed by an experienced team consisting of Anthony Wong, Sunny Chung and Kevin You
  • "We are now offering clients a new vehicle which allows investors to participate in China’s long term growth potential in a high conviction portfolio"

Allianz Global Investors has launched the Allianz China A Opportunities fund. In a press release, the asset manager revealed that it is an extension of the Allianz China A-Shares and Allianz All China Equity product family.

The strategy invests in Chinese mainland equities (so-called A-shares) through a concentrated portfolio of around 45 stocks and is managed by an experienced portfolio management team consisting of Anthony Wong, Sunny Chung and Kevin You.

Allianz GI pointed out that the management team aims to identify "the most promising" large and mid-cap Chinese mainland stocks, based on fundamental criteria and with their proven stock-selection process. The investment philosophy is consistent with the Allianz China A-Shares fund but focuses on fewer stocks. The actively managed Allianz China A-Shares has outperformed its benchmark in each of the last five years under the stewardship of Anthony Wong and Sunny Chung. 

"In a few days, China will begin the Year of the Ox, an animal that represents strength, perseverance and straightforwardness. Looking at the performance of Chinese equities in recent months, these attributes also seem to fit the stock market. With the Allianz China A Opportunities fund, we are now offering clients a new vehicle which allows investors to participate in China’s long term growth potential in a high conviction portfolio", Anthony Wong, portfolio manager for Chinese equities, commented.

Arne Tölsner, Head of Distribution Germany, added that China is an economic giant, but is still underrepresented in conventional equity indices. In his view, this will change in the coming years, as they expect Chinese equities soon to be perceived and allocated as an asset class in their own right, alongside US equities and European stocks.

"With the two funds Allianz China A-Shares and Allianz China A Opportunities, which target Chinese mainland equities, and the broader Allianz All China Equity fund, which also includes the so-called H-shares traded in Hong Kong, AllianzGI now offers clients a well-rounded package to participate in the upward trend of the country", he concluded.

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