Allianz Global Investors has announced the launch of its concentrated Europe Equity Growth Select fund to be run by Thorsten Winkelmann and Matthias Born.
The group said the Luxembourg-domiciled fund would be benchmark agnostic and focus on roughly 35-40 growth stocks from European markets with a market capitalisation of above €5bn (£4.2bn).
The fund will not have a sterling share class at launch but the group said it would launchf there was sufficient client demand.
Allianz said the fund’s investment philosophy was in line with Mr Winkelmann and Mr Born’s Europe Equity Growth fund, which in three years has delivered a top-quartile return of 57 per cent compared with the IMA Europe including UK sector average of 31.6 per cent, according to FE Analytics.
