Fact sheet: Allianz DiscyEuStrat

Fund information
Fund name
Allianz Discovery Europe Strategy A NAV EUR
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund managers
  • Ralf Waltersince 20/10/2009
  • Harald Sporledersince 20/10/2009
  • Steffen Weylsince 01/08/2014
Fund objective
The fund aims to profit from stock price movements irrespective of the direction of the movement. Using a derivative-based strategy, the fund invests, on the one hand, in selected European equities (long positions). On the other hand, it sells in accordance with its strategy stocks that it does not actually hold and whose prices strategy management expects to fall (short positions). With simultaneous investments in long and short positions, the strategy seeks to reduce market risks. Long and short positions will not always be of equal magnitude so that deviations from the fund's core goal of market neutrality may occur.
Benchmark
  • EONIA
Investment style
Market Neutral
Investment method
Equity
Quick stats
1 Year return
-3.8%
1 Year rank in sector
72/106
Sector
FO Hedge/Stru Prod - Equity
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.86%
Fund size
£897m (£396m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
70
Top in this sector
Fund name1 Year
MontLake ToscaMiCaUCITS21.8%
Ennismore Eurpn Smallar Cos19.3%
Income Partners AllSeasnAsCred18.7%
Majedie Tortoise16.8%
BlackRock SF Asia Extnn15.8%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.6%-1%-2%-3.8%5.4%21%
Sector0.5%1.3%1.3%-1%5.4%15.9%
Rank within sector8 / 12096 / 12283 / 11672 / 10642 / 7523 / 53
Quartile1st4th3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-6.2%10.9%-0.1%3.7%8.8%
Sector-1.8%2.7%2.5%7.1%3.9%
Rank within sector87 / 11212 / 10056 / 8156 / 7218 / 59
Quartile4th1st3rd4th2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.52
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.52
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
5.42
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.37
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.1
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.1
Price movement
52 week high125.26
52 week low113.16
Current bid price-
Current offer price-
Current mid price117.04
Region
1International100%
Industry sector
1Short dated bonds87.58%
2Very short dated bonds12.42%
Asset type
No data available.
Individual holdings
1EURO STABILITY MECHANISM FIX 0.050% 17/12/20183.39%
2EUROPEAN INVESTMENT BANK 0% NTS 15/01/19 EUR10003.38%
3FMS WERTMANAGEMENT 0% NTS 26/02/19 EUR1000003.38%
4KREDITANSTALT FUER WIEDERAUFBAU KFW 0% BDS 07/12/18 EUR10002.94%
5EUROPEAN FINANCIAL STABILITY FACILT 0% BDS 18/06/17 EUR10002.82%
6IRELAND(REPUBLIC OF) 4.5% BDS 18/10/18 EUR10002.55%
7COMMERZBANK AG 1.5% BDS 28/02/18 EUR1000002.44%
8AUSTRIA 4% 15/09/20162.32%
9BELFIUS BANK SA/NV 1.25% MTN 27/11/17 EUR1000002.29%
Management
Fund manager group
No data available.
Fund manager company
Allianz Global Investors GmbH
Fund type
Offshore Fund
Fund objective
The fund aims to profit from stock price movements irrespective of the direction of the movement. Using a derivative-based strategy, the fund invests, on the one hand, in selected European equities (long positions). On the other hand, it sells in accordance with its strategy stocks that it does not actually hold and whose prices strategy management expects to fall (short positions). With simultaneous investments in long and short positions, the strategy seeks to reduce market risks. Long and short positions will not always be of equal magnitude so that deviations from the fund's core goal of market neutrality may occur.
Benchmark
  • EONIA
Investment style
Market Neutral
Investment method
Equity
Fund managers
NameSinceBiography
Ralf Walter20/10/2009Ralf Walter was born in 1970 and attended the University of Hohenheim, Stuttgart where he studied Business Administration and Economics. Ralf has been a fund manager for over ten years and is a Chartered Financial Analyst. Since 2000, he has been with Cominvest Asset Management GmbH where he is fund manager and investment analyst, concentrating on European small and mid caps. In 2009 he joind Allianz Global Investors.
Harald Sporleder20/10/2009Harald Sporleder is currently a European equity fund manager at Allianz Global Investors based in Frankfurt. He joined Allianz in 1996 as a junior fund manager. He now manages the Allianz Discovery Europe Strategy, adopting a market neutral strategy and using various fundamental criteria as valuation metrics on his funds. Sporleder holds a Master's degree in Economics from the Univerity of Halle in Wittenberg and is a member of the HFSB organization. Away from the office, he enjoys skiing.
Steffen Weyl01/08/2014
Compliance
Transparent for Austrian Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Hungary, Italy, Luxembourg, Netherlands, Offshore, Poland, Portugal, Sweden
Allianz Discovery Europe Strategy A EUR
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.86%
Bid price117.04
Offer price-
Mid price-
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGWW2
Allianz Discovery Europe Strategy A NAV EUR
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.86%
Bid price-
Offer price-
Mid price117.04
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFEMI
Allianz Discovery Europe Strategy AT (H2-SEK) NAV SEK
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price958.31
CurrencySEK
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE19W
Allianz Discovery Europe Strategy AT (H2-SEK) SEK
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)-
Bid price985.33
Offer price1034.6
Mid price-
CurrencySEK
Price updated16/02/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE19X
Allianz Discovery Europe Strategy AT EUR
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.86%
Bid price106.88
Offer price112.22
Mid price-
CurrencyEUR
Price updated16/02/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFRDQ
Allianz Discovery Europe Strategy AT NAV EUR
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.86%
Bid price-
Offer price-
Mid price104.17
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFRDP
Allianz Discovery Europe Strategy I EUR
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.21%
Bid price1198.13
Offer price-
Mid price-
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGWW4
Allianz Discovery Europe Strategy I NAV EUR
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price1198.13
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFEMK
Allianz Discovery Europe Strategy IT (H2-SEK) NAV SEK
Initial charge-
Annual charge1.2%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price10596.53
CurrencySEK
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJYW
Allianz Discovery Europe Strategy IT (H2-SEK) SEK
Initial charge-
Annual charge1.2%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.21%
Bid price10851.66
Offer price10851.66
Mid price-
CurrencySEK
Price updated16/02/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJYX
Allianz Discovery Europe Strategy IT EUR
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price981.98
Offer price981.98
Mid price-
CurrencyEUR
Price updated16/02/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1TR
Allianz Discovery Europe Strategy IT NAV EUR
Initial charge-
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price960.84
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1TQ
Allianz Discovery Europe Strategy P EUR
Initial charge-
Annual charge1.2%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.25%
Bid price1153.7
Offer price1153.7
Mid price-
CurrencyEUR
Price updated16/02/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF6PS
Allianz Discovery Europe Strategy P NAV EUR
Initial charge-
Annual charge1.2%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price1128.64
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF1NW
Allianz Discovery Europe Strategy PT (H2-CHF) CHF
Initial charge-
Annual charge1.2%
Min single investment£200,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.25%
Bid price105.03
Offer price105.03
Mid price-
CurrencyCHF
Price updated16/02/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKNW
Allianz Discovery Europe Strategy PT (H2-CHF) NAV CHF
Initial charge-
Annual charge1.2%
Min single investment£200,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price102.39
CurrencyCHF
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKNX
Allianz Discovery Europe Strategy R EUR
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.72%
Bid price106.01
Offer price106.01
Mid price-
CurrencyEUR
Price updated16/02/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFSWE
Allianz Discovery Europe Strategy R NAV EUR
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price103.64
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFSWD
Allianz Discovery Europe Strategy RT EUR
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.42%
Bid price106.65
Offer price106.65
Mid price-
CurrencyEUR
Price updated16/02/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSWG
Allianz Discovery Europe Strategy RT NAV EUR
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price104.27
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSWF
Allianz Discovery Europe Strategy WT EUR
Initial charge-
Annual charge2.7%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.71%
Total expense ratio (TER)2.71%
Bid price1101.71
Offer price1101.71
Mid price-
CurrencyEUR
Price updated16/02/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF7FW
Allianz Discovery Europe Strategy WT NAV EUR
Initial charge-
Annual charge2.7%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.71%
Total expense ratio (TER)2.71%
Bid price-
Offer price-
Mid price1068.2
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF6QG
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