Notification of change to the underlying funds of various Allianz funds
14 Aug 2025
Notification of change to the underlying funds of:
- J48 Allianz Asia Ex China Equity (USD)
- H06 Allianz Asia Ex China Equity (USD)*
- R63 Allianz Japan Equity
- H08 Allianz Japan Equity*
- R44 Allianz Total Return Asian Equity
- H09 Allianz Total Return Asian Equity*
(together the “Affected Mirror Funds”)
We have been notified by the Board of Directors of Allianz Global Investors Fund (SICAV) (the “Company”) of the following upcoming change which affects the underlying funds of the Affected Mirror Funds. This change will take effect from 19 September 2025 (the “Effective Date”).
Change of investment restriction of the underlying funds of the Affected Mirror Funds
The underlying funds of the Affected Mirror Funds currently promote environmental and/or social characteristics pursuant to Article 8 of the EU’s Sustainable Finance Disclosure Regulation (“SFDR”). Article 8 funds are those that promote social and/or environmental characteristics, invest in companies that follow good governance, give binding commitments but do not have a sustainable investment objective.
The management company of the Company, Allianz Global Investors GmbH (the “Management Company”), reviews all exclusion criteria for financial products subject to Article 8 of SFDR annually to ensure ongoing conviction and relevance to the investment offerings. Such a review considers next to the Management Company’s conviction also regulatory requirements and market practices.
The geopolitical events of recent years have prompted a broader rethink of the need to invest in more resilient defence systems, especially in Europe. In this context, there is an urgency for European nations to invest more – and more collaboratively – in a modern, resilient defence industry. Therefore, the minimum exclusion criteria for environmental, social and governance (“ESG”) consideration for the underlying funds of the Affected Mirror Funds will be amended from the Effective Date.
The amendment will remove the minimum exclusion criteria regarding securities issued by issuers deriving more than 10% of their revenues from (a) weapons, or (b) military equipment and military services.
However, it is still not possible for the underlying funds of the Affected Mirror Funds to invest in a company that generates income from the manufacture and/or sale of controversial weapons (e.g. nuclear weapons outside of the non-proliferation treaty, anti-personnel mines, chemical and biological weapons as well as weapons with white phosphorous and depleted uranium).
For the avoidance of doubt, the change does not constitute any material change in the investment objectives and strategies currently adopted by the underlying funds of the Affected Mirror Funds.
Please refer to the Appendix opposite for comparison details of the change. Updated pre-contractual and sustainability-related disclosure documents will be made available as part of the prospectus of the underlying funds following the Effective Date.
This change will take effect automatically and policyholders do not need to take any action. We recommend that policyholders seek the advice of their usual financial adviser before making any investment decisions.
Should you have any questions regarding this change, please contact the Investment Marketing Team.
*Fund applicable to Hong Kong designated policyholders.
