KEY Characteristics:
Registered in Taiwan and investing globally, the Allianz RCM Global Eco Trends Fund offers access to three environment-related sectors: (1) "EcoEnergy" e.g., alternative energy and energy efficiency, (2) "Pollution Control" e.g., environmental quality, waste management and recycling, and (3) "Clean Water" e.g., water treatment and supply. The fund seeks for companies throughout the whole supply-chain of the above-mentioned sectors, plus companies that are newly expanding their business into those sectors. Fund managers will continuously look into research reports on these companies and undertake constant interviews with corporate management. In addition, the fund also applies the bottom-up approach looking at the areas such as growth potential, financials and the state of cash flow of the target companies. The fund is an "interval" fund, a type of closed-end fund that is designed to give the manager more flexibility in managing the underlying assets, so that the manager can invest a greater portion of the fund's assets in smaller, potentially less liquid securities, which are part of the fund's investment universe.