Allianz Fixed Income Macro Fund

Fund overview

The Allianz Fixed Income Macro Fund is a truly globally diverse and flexible investment fund that seeks out the best possible opportunities within the global macro space.

The fund aims to generate a positive absolute return on a risk-adjusted basis, using a broad macro toolkit to find the most efficient means of building risk exposures.

This enables the strategy to deliver returns with a low correlation to traditional asset classes, serving well as a portfolio diversifier particularly through more volatile markets.

Aligned with delivering an asymmetric return profile, we also aim to protect capital from downside movements with a dynamic risk management process, controlling the strategy’s maximum Value-at-Risk (VaR) as we experience drawdown from our high-water mark.

The Fund’s target is to beat SONIA (cash) over a 12-month rolling basis.¹

Experienced portfolio management team

Managed by the London-based managers of the Macro Unconstrained team, led by Mike Riddell and consisting of Joe Pak, Ravin Seeneevassen, Gaurav Saroliya, Jack Norris and Daniel Schmidt.

Joe and Ravin are the co-lead portfolio managers for the fund, supported by Jack as deputy portfolio manager. While not officially named on Allianz Fixed Income Macro Fund, Mike will retain oversight of and responsibility for the fund.
 

¹This fund uses the specified benchmark as a target. This means that the index shown is part of a target set for the fund’s performance to match or exceed

Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors might not get back the full amount invested.

Investing in fixed income instruments may expose investors to various risks, including but not limited to creditworthiness, interest rate, liquidity and restricted flexibility risks. Changes to the economic environment and market conditions may affect these risks, resulting in an adverse effect to the value of the investment. During periods of rising nominal interest rates, the values of fixed income instruments (including short positions with respect to fixed income instruments) are generally expected to decline. Conversely, during periods of declining interest rates, the values of these instruments are generally expected to rise. Liquidity risk may possibly delay or prevent account withdrawals or redemptions.

Allianz Fixed Income Macro Fund is a sub-fund of Allianz International Investment Funds, an open-ended investment company with variable capital with limited liability organised under the laws of England and Wales. Past performance does not predict future returns. If the currency in which the past performance is displayed differs from the currency of the country in which the investor resides, then the investor should be aware that due to the exchange rate fluctuations the performance shown may be higher or lower if converted into the investor’s local currency.

The views and opinions expressed herein, which are subject to change without notice, are those of the issuer companies at the time of publication. The data used is derived from various sources, and assumed to be correct and reliable at the time of publication. The conditions of any underlying offer or contract that may have been, or will be, made or concluded, shall prevail.

For a free copy of the sales prospectus, incorporation documents, daily fund prices, key investor information, latest annual and semi-annual financial reports, contact the management company Allianz Global Investors GmbH in the fund’s country of domicile, the UK, or the issuer at the address indicated below or www.allianzgi-regulatory.eu. Please read these documents, which are solely binding, carefully before investing.

The Management Company may decide to terminate the arrangements made for the marketing of its collective investment undertakings in accordance with applicable de-notification regulation. This is a marketing communication issued by Allianz Global Investors GmbH, www.allianzgi.com, an investment company with limited liability, incorporated in Germany, with its registered office at Bockenheimer Landstrasse 42-44, 60323 Frankfurt/M, registered with the local court Frankfurt/M under HRB 9340, authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (www.bafin.de). The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights. Allianz Global Investors GmbH has established a branch in the United Kingdom, Allianz Global Investors GmbH, UK branch, 199 Bishopsgate, London, EC2M 3TY, www.allianzglobalinvestors.co.uk, deemed authorised and regulated by the Financial Conduct Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website (www.fca.org.uk). Details about the extent of our regulation by the Financial Conduct Authority are available from us on request. The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted; except for the case of explicit permission by Allianz Global Investors GmbH.