Allianz RCM BRIC Stars A Accumulation
At a glance
| Initial charge | 4.00% |
|---|---|
| Initial saving | 4.00% |
| Annual charge | 1.75% |
| Annual saving | 0.325% ² |
| Total Expense Ratio | 1.92% |
| Launch date | 22-02-2006 |
| Launch price | £1.00 |
| Sector | Specialist |
| Fund size | £258 million |
| Number of holdings | 73 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
The BRIC markets have taken quite a hit this year although Michael Konstantinov continues to see a compelling investment case in each market. Russia is discounting a lot of negative news which he feels is unjustified believing valuations are extremely attractive. China and India offer the most attractive domestic demand growth stories, and Brazil has continued to thrive on an improved economic outlook. We believe the long term outlook is promising.
Full research
About the Fund Manager
Michael Konstantinov
Located in: Frankfurt
Michael Konstantinov started his career in Corporate Finance at Dresdner Bank in 1991. After an investment banking trainee program he joined RCM in 1994 as portfolio manager for European equities, with emphasis on Spain and Eastern Europe. Since 1998 he has been head of the Global Emerging Markets Equities Team. Michael holds a Master's degree in Economics from the University of Frankfurt, Germany, and the Eastern Illinois University, USA.
Michael is based in Frankfurt and spends a significant percentage of his time 'in the markets', leading each team member with responsibilities for parts of the BRIC Stars market universe in terms of macro economic research, stock research, company visits and brokerage contacts.
Income details
| Running yield | N/a |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 01 May 2008 |
|---|---|
| Payment date ³ | 30 June 2008 |
Top 10 holdings
| Tele Norte Leste Participacoes S.A. ADS | 2.77% |
|---|---|
| Infosys Technologies | 2.54% |
| Soho China | 2.33% |
| CNOOC | 2.30% |
| Tata Consultancy Services | 2.26% |
| Banco Itau Holding Financeira S.A. ADS | 2.26% |
| China Security & Surveillance Technology | 2.25% |
| China Life Insurance Co. Ltd. (China) | 2.21% |
| OJSC OC ROSNEFT | 2.19% |
| OAO NOVATEK | 2.19% |
Top 10 sectors
| Oil & Gas Producers | 13.33% |
|---|---|
| Mobile Telecommunications | 10.19% |
| Banks | 8.23% |
| Industrial Metals & Mining | 7.02% |
| Software & Computer Services | 4.85% |
| Real Estate Investment & Services | 4.71% |
| Non-Classified | 4.30% |
| Industrial Engineering | 3.95% |
| Chemicals | 3.44% |
| Industrial Transportation | 2.82% |
Top 10 countries
| Brazil | 23.40% |
|---|---|
| Russian Federation | 20.65% |
| India | 18.86% |
| China | 13.19% |
| Hong Kong | 11.22% |
| United States | 6.18% |
| Non-Classified | 2.78% |
| Kazakhstan | 1.80% |
| Luxembourg | 1.05% |
| Cash and Equiv. | 0.68% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 28-11-2008. Data accurate as at 31/10/2008.
