Fact sheet: Allianz MrgArbtStrg

Fund information

Fund name
Allianz Merger Arbitrage Strategy CT NAV EUR
Fund company manager
Allianz Global Investors GmbH
Fund type
SIB
Fund manager(s)
Tim Wooge
since 01/07/2016
Matthias Muller
since 01/07/2016
Fund objective
The fund aims to exploit price inefficiencies on the equity market that occur in the course of acquisitions, mergers and other corporate transactions. Depending on the probability of a transaction, the stock market price of the target company differs from the acquisition price. In order to take advantage of the price difference (transaction risk premium), the fund may invest in the target company via equities or derivatives (e.g. options and futures). If an acquisition is implemented through a stock swap, the fund may additionally use derivatives to take a short position in the shares of the acquiring company. Although the net exposure resulting from long and short positions will fluctuate, it is generally not expected to exceed 100% of the fund's assets. The strategy has a worldwide dimension. Foreign exchange risks exceeding 10% of the fund's assets must be hedged against the Euro. The investment objective is to generate a high risk-adjusted return in all phases of the market in combination with a limitation of potential losses.
Benchmark
EONIA
Investment style
Merger Arbitrage
Investment method
Equity

Quick stats

1 Year return

0.49 %

1 Year rank in sector

105/130

Sector

FO Hedge/Stru Prod - Equity

Yield
-
Fund size

£ 820.0 m

FE Risk score

12

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    75.7%
  • Israel
    4.4%
  • Netherlands
    4.2%
  • France
    4%
  • Denmark
    3.1%
  • Health Care
    35.21%
  • Information Technology
    19.68%
  • Consumer Discretionary
    15.23%
  • Utilities
    10.12%
  • Industrials
    8%
  • International Equities
    47.3%
  • Global Fixed Interest
    29.2%
  • Money Market
    13.9%
  • Others
    8.7%
  • Options
    0.5%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.07 %-0.36 %0.49 %0 %0 %
Sector0.71 %3.86 %5.31 %8.6 %17.8 %
Rank within sector97 / 136120 / 142105 / 130 / /
Quartile th3 rd4 th4 th th th

Calendar performance

YTD-20172016201520142013
Fund-0.26 %0.7 %0 %0 %0 %
Sector5.44 %-1.99 %2.66 %2.51 %7.13 %
Rank within sector111 / 13338 / 105 / / /
Quartile th4 th2 nd th th th

Price movement

52 week high101.64
52 week low100.1
Current bid price0
Current offer price0
Current mid price101.06

Holdings by region

  • 75.7% USA
  • 4.4% Israel
  • 4.2% Netherlands
  • 4% France
  • 3.1% Denmark
  • 3.1% Isle of Man
  • 1.6% Others
  • 1.4% Singapore
  • 1.3% Italy
  • 1.2% Spain

Holdings by sector

  • 35.21% Health Care
  • 19.68% Information Technology
  • 15.23% Consumer Discretionary
  • 10.12% Utilities
  • 8% Industrials
  • 3.59% Telecommunications Utilities
  • 2.93% Real Estate
  • 2.48% Materials
  • 1.36% Consumer Staples
  • 1.15% Financials

Holdings by asset type

  • 47.3% International Equities
  • 29.2% Global Fixed Interest
  • 13.9% Money Market
  • 8.7% Others
  • 0.5% Options
  • 0.4% Alternative Investment Strategies

Individual holdings

  • 8.68% ALLIANZ CASH FACILITY FD-I3
  • 3.11% BROCADE COMMUNICATIONS SYSTEMS INC
  • 2.93% MOBILEYE NV
  • 2.92% AKORN
  • 2.85% VCA INC
  • 2.63% BARD(C.R.) INC
  • 2.61% VWR CORP
  • 2.49% AVISTA CORP
  • 2.41% CABELA`S INC
  • 2.02% NEURODERM LTD