The Luxembourg-domiciled Allianz Europe Equity Select fund, with a selection of 30-45 stocks, is a more concentrated portfolio than the firm's Allianz Europe Equity Growth fund and the Allianz Euroland Equity Growth funds currently overseen by the team.
Both managers have outperformed their benchmark over the last three years with Born receiving a Eurostars AA rating and Winkelmann a Eurostars AAA rating.
The managers will adopt the bottom-up approach applied across their equity growth strategies but will be less concerned in following the weightings of the allocated benchmark, the S&P Large Cap Growth index.
In order to ensure that the risk related to a more concentrated portfolio is adequately compensated, the fund will invest in companies with a minimum €5 billion market capitalisation.
In the past three years the Allianz Europe Equity Growth fund, with more than €1 billion in assets, has returned 52.3%. Its benchmark, the S&P Europe LargeMidCap Growth index, rose 30.8% in the same period.
The fund, that is launched without seed money, is currently awaiting approval from Swiss and Polish regulatory authorities but is available elsewhere in Europe.