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 | 2.01% |
| Launch date | 22-02-2006 |
| Launch price | £1.00 |
| Sector | Specialist |
| Fund size | £457 million |
| Number of holdings | 80 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Although the BRIC markets have not been immune to the global market volatility, Michael Konstantinov remains optimistic. He has been reducing exposure to China and India this year as they have been particularly volatile. However, as markets have fallen back he feels that valuations are now more attractive. He favours companies exposed to infrastructure development and consumer demand which are historically strong growth areas.
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' and leads each team member who is responsible for part of the BRIC Stars market universe in terms of macro economic research, stock research, company visits and brokerage contacts.
Income details
| Running yield | 0.12% (net) |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. The information is correct as at 31-08-2007.
Distribution dates
| Ex-dividend date | 01 May 2008 |
|---|---|
| Payment date ³ | 30 June 2008 |
Top 10 holdings
| Usinas Siderurgicas de Minas Gerais Pref A | 2.46% |
|---|---|
| EVRAZ GROUP S.A. | 2.22% |
| OJSC OC ROSNEFT | 2.14% |
| China Shipping Development Co. | 2.13% |
| OAO GAZPROM | 2.11% |
| Sesa Goa | 2.09% |
| KMG EP-GDR | 2.09% |
| Banco Itau Holding Financeira S.A. ADS | 2.03% |
| URALKALI JSC (GDR) | 2.03% |
| Housing Development Finance Corp. | 1.94% |
Top 10 sectors
| Mobile Telecommunications | 9.34% |
|---|---|
| Oil and Gas Producers | 8.64% |
| Industrial Metals and Mining | 7.49% |
| Mining | 7.24% |
| Industrial Transportation | 5.90% |
| Banks | 5.57% |
| Non-Classified | 4.81% |
| General Retailers | 4.67% |
| Real Estate Investment and Services | 4.20% |
| Food Producers | 4.11% |
Top 10 countries
| Brazil | 27.66% |
|---|---|
| Russian Federation | 21.79% |
| India | 19.96% |
| China | 10.30% |
| Hong Kong | 5.41% |
| Cash and Equiv. | 2.67% |
| United States | 2.60% |
| Luxembourg | 2.22% |
| Kazakhstan | 2.09% |
| Non-Classified | 1.66% |
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 24-07-2008. Data accurate as at 31/05/2008.
