Allianz to scrap RCM brand across UK and offshore fund ranges
Allianz Global Investors is to rename its onshore and offshore fund ranges in a move which will see it scrap the RCM brand it acquired a decade ago.
The changes, which the group said will simplify and unify its fund names and provide more transparency, follows Allianz’s September 2011 decision to restructure its asset management business into two separate divisions – Allianz Global Investors and PIMCO.
The bulk of the changes will commence on 30 March, when Allianz will remove the RCM name from 20 offshore funds and 23 funds in its domestic German market.
On 30 April this will be extended to the UK retail range, with 16 offerings – including the pictured Michael Konstantinov’s £671m Allianz RCM BRIC Stars fund – scrapping the RCM name.
On 30 June the group will remove the RCM brand from a further 41 offshore funds, with the name change on the Allianz RCM China A-Shares offering likely to take place in Q3.
Allianz has also committed to incorporating the PIMCO brand into the names of all funds managed under PIMCO strategies, a move which will see Tim Haaf’s €809m Allianz Emerging Markets Bond fund renamed as the Allianz PIMCO Emerging Markets Bond fund on 29 February.
The strategies and investment objectives of the fund ranges will remain unchanged.
RCM was founded as Rosenberg Capital Management in the US in 1970, and was acquired by Germany’s Dresdner Bank in 1996. It became an independent subsidiary of Allianz Global Investors in 2001, when Allianz acquired Dresdner in a $20.5bn deal.
This article was first published on Investment Week