Allianz sees €10bn capacity for Europe Equity Growth fund

Allianz Global Investors says its €9.2bn Europe Equity Growth Strategy fund is approaching its €10bn (£8bn) capacity.

As of 30 June, this AUM is divided between €4.3bn in mutual funds and €4.9bn in segregated managed accounts.

As a result Allianz’s marketing team has already scaled back efforts to grow assets for this strategy.

Allianz Global Investors portfolio manager Marcus Morris-Eyton works on the strategy and is part of a team which adopts a multi-cap growth investment process.

Morris-Eyton says this will not change and explains: “We are beginning to approach capacity and we have about a billion capacity left.  

“We have not changed our process and we will not in the run-up to capacity. And we have had support from management at AGI that they do not want us to change our process. A lot of the demand has been for our Allianz European Equity Growth Select fund which launched last May and has assets around €100m now so that has helped.”