Allianz Global Investors has launched an emerging markets opportunities fund which aims to take a systematic approach to exploit existing market inefficiencies. The fund’s strategy has an existing US track record and it will be managed by Kunal Ghosh who manages an eight-strong team based in San Diego and which runs over $1.8 billion. The fund aims to benefit from the expected growth in emerging market economies caused by long-standing demographic, social and political trends, leading to more prosperous and open countries in Asia, Central and Latin America, the Middle East and other developing regions.
AllianzGI head of European sales, Nick Smith, commented: “Emerging markets have been identified as having the ability to generate real inflation-beating returns, in a long-lasting era of financial repression. The story for growth in emerging markets is well understood. With favourable demographics, increasing affluence and growing economies, these are the countries of the future.”