Allianz revamps European fund

Allianz Global Investors is to change the investment objective and name of the Allianz RCM European Index fund to create a European Equity Income fund.

If this is approved, the fund will be launched on March 30 and will be co-managed by Neil Dwane, the chief investment officer (CIO) Europe at RCM, and Joerg de Vries-Hippen, the co-CIO of European equities at RCM.