Allianz widens remit on RCM UK Equity Income fund

Allianz has widened the remit on its RCM UK Equity Income fund, to take advantage of the tools avail...

Allianz has widened the remit on its RCM UK Equity Income fund, to take advantage of the tools available under Ucits III. Manager Simon Gergel can now write covered call options on up to 20% of the fund, with the aim of creating more income in exchange for reduced upside on some holdings. The fund will also increase its exposure to high yield stocks in Continental Europe, investing up to the 20% maximum required to stay in the IMA UK Equity Income sector.