Allianz Group, one of the leading global services providers in insurance and asset management, announced a new fund to be invested in its majority towards Brazil, and nearly one third of the fund may be invested in other Latin American and international companies, provided they generate a significant proportion of their sales and earnings in Brazil. The manager of the fund is Rosenberg Capital Management (RCM). Allianz said that this is the first time a fund will be actively managed by a UK-domiciled Brazilian Open Ended Investment Company (OEIC).
From the investment strategy viewpoint the timing of Brazilian addition to the Allianz portfolio adds diversification and promising potential returns; given all the positive factors currently enjoyed by Brazil in terms of its economy and investment perspective. In addition to a stable government, the economy in Brazil is strong and growing at a fast pace; fuelled by a large and increasingly affluent young population, massive commodity resources and a well-developed equity market facilitating accessing these opportunities to investors.