By Charlotte Banks
Thursday March 04, 2010 at 11:15
The Allianz RCM Dynamic Growth fund is intended to act as a 'core' Defined Contribution (DC) fund and aims to offer investors equity-like returns with a lower level of volatility, positive real returns over a market cycle and a level of downside protection in times of market stress.
The fund will gain exposure to a broad mix of asset classes through investing in ETFs and will employ a tactical asset allocation strategy.
Nick Smith, a managing director of Allianz Global Investors Europe
, says with the continuing shift from defined benefit to defined contribution funds the company believes it is vital people saving for long term pensions can still access fund management.
"We believe our new Dynamic Growth fund is a genuine second generation multi-asset fund which has been designed for long term investing. It aims to produce equity like returns with downside protection. Furthermore, by using Exchange Traded Funds (ETFs) it can achieve these objectives in a cost efficient manner. Key to delivering this is RCM Systematic in Frankfurt, who has a long history of managing sophisticated multi-asset portfolios, and is entrusted with around £27bn under management," he says.