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

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

Rating:Morningstar Looks at the Distribution Shift at Allianz Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 17, 2011

Morningstar Looks at the Distribution Shift at Allianz

News summary by MFWire's editors

In yesterday's Morningstar Fund Spy column, senior mutual fund analyst Katie Rushkewicz casts the spotlight on Allianz Global Investors. Rushkewicz mentioned the recent distribution change at the firm and what that might mean from a stewardship standpoint.

As previously reported, Pimco launched its own broker-dealer, Pimco Investments, this year. Sales of Pimco funds, previously handled by Allianz Global Investors Distributors, have moved to Pimco Investments. AGID continues to sell products from other AGI subsidiaries auch as AGI Capital, RCM and the solutions business.

With the distribution shift, "Allianz's non-PIMCO funds could grow -- and fees could come down -- because the funds are getting more attention from the sales staff," Rushkewicz wrote, adding that the change also "allows the AGI funds to distance themselves from the PIMCO funds, which have been very successful asset gatherers but would be susceptible to big outflows should PIMCO Total Return underperform."

But she also warned that when fund firms make asset-gathering their focus, "corporate culture -- and fundholders -- can suffer."

"The industry's leading stewards of capital focus first on serving shareholders well and delivering strong performance, both of which tend to lead to higher assets under management without a big sales and marketing push," she wrote. 

Edited by: Armie Margaret Lee

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

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use