Financial Services And Consultants, Stock Investment Advice - Home Spacer Investor Insight Spacer Devere Login
Investor Insight
deVere Login
PIC logo

P.I.C. - News

Skip Navigation Links

Home >  Label  >  Label

18 Mar, 2008

By David Campbell | 00:01:00 | 18 March 2008

Allianz RCM is to launch a global soft commodities fund in an attempt to capitalise on rising international demand and pricing for foodstuffs.

The fund will invest in equities across the agricultural supply and distribution chain with 50% of holdings in the US, 25% in Europe and 25% in Asia and emerging markets.

The Luxembourg-domiciled fund will be managed by Bryan Agbabian from RCM's US office. He will run a portfolio between 30 and 80 holdings.

Soft commodity prices have grown exponentially in the past year with wheat prices rising up to 70% during 2007 due to higher demand and increasing competition for land use.

'We are seeing rising demand for protein rich diets across the developing world alongside increasing prosperity,' said Nick Smith, head of retail sales and marketing at Allianz.

The fund will also be authorised to invest in biofuel producers. The fund will launch on 1 April with an initial 5% charge and an annual fee of 1.75%.

Contact Us
Valid XHTML 1.0 Transitional