Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Outflows, Weak Stock Market Trigger Allianz Fund Reopening
 Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 09, 2008

Outflows, Weak Stock Market Trigger Allianz Fund Reopening

by: Armie Margaret Lee

Allianz Global Investors is reopening the doors to its Allianz NFJ Small Cap Value Fund for the first time since 2003. Kristina Hooper, who heads up equity product management at Allianz, told SmartMoney.com's Paulette Miniter that the firm has witnessed net outflows across its small-cap value strategy, including the NFJ Small Cap Value Fund, with most of the outflows stemming from older investors moving money out of individual accounts. Hooper also pointed to other factors, such as the stock market's weakness and value investing being out of favor, as having prompted the reopening of the fund.

"If we saw a lot of outflows but the market wasn't attractively valued, we wouldn't be reopening," Hooper said.

The fund is one of the best performers among its peers, returning 6.1 percent last year. This year it is up 3 percent.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use