Allianz Global Investors is planning to launch a US small-cap fund for UK investors in June.
The fund will be run by a San Diego-based team, led by John McCraw. It will be launched as a SICAV and domiciled in Luxembourg. The product is a mirror of a small-cap fund open to US investors. Allianz GI sales director Daniel Lee said the focus on small caps will help differentiate the fund in a competitive market: “We have got a very creative team in San Diego and this was successful in attracting assets to the US. We really wanted to bring that capacity over to Europe.” The fund will be the first of a number of new launches in the pipeline, he added. Lee, who joined Allianz GI i...
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