Allianz Global Investors | Asian Fixed Income Strategies

Active investment expert, Allianz Global Investors is proficient in identifying opportunities and has insights into Asian economic prospects, which are better than emerging markets as well as other global economies. Given today’s low global interest rate environment, we provide Asian Fixed Income Strategies focusing on different types of Asian bonds to tap potential sources of income, partnering with you every step of the way to help cultivate your dream garden.

Allianz Dynamic Asian High Yield Bond

Focus on Asian High Yield Bond to Tap into Income Opportunities

Focusing on Asian high-yield bonds, the Fund aims to seize opportunities for long term capital appreciation and income potential.

Aims to improve the risk return profile of the portfolio by actively managing the investment portfolio’s risk using tactical strategies like allocation to cash and investment grade bonds, etc.
Aims to deliver potential income, monthly payouts (yields are not guaranteed, dividends may be paid out from capital)¹.
An environment of sufficient liquidity is providing support to regional credit markets through accommodative monetary policies, by most regional central banks, as well as global central banks, such as the European Central Bank and Bank of Japan.

FUND HIGHLIGHTS FUND PRICE

¹Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Fund's capital or effectively out of the Fund's capital, which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Fund available for investment in the future, and capital growth may be reduced. Dividend payments are applicable for Class AM/AMg Dis (monthly distribution) and for reference only, but not guaranteed. Positive distribution yield does not imply positive return. For details, please refer to the Fund's distribution policy disclosed in the offering documents.

Important Notice

The Fund aims at long-term capital appreciation and income by investing primarily in USD denominated Asian debt markets.
The Fund is exposed to significant risks which include investment/general market, interest rate changes, creditworthiness, emerging market, country and region and currency risks.
The Fund may invest in high-yield (non-investment grade and unrated) investments and convertible bonds which may subject to higher risks, such as risk of call, creditworthiness, default, interest rate changes, general market and liquidity risks and therefore may increase the risk of loss of original investment.
The Fund may invest in financial derivative instruments ("FDI") for efficient portfolio management (including for hedging) which may expose to higher counterparty, liquidity and market risks. The Fund will not invest extensively in FDI for investment purpose.
Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Fund’s capital or effectively out of the Fund’s capital which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Fund available for investment in the future and capital growth may be reduced.
This investment may involve risks that could result in loss of part or entire amount of investors’ investment.
In making investment decisions, investors should not rely solely on this material.

Allianz Flexi Asia Bond

Flexible Allocation Strategy Investing in Different Types of Asian Bonds

The focus is to capture investment opportunities in the region by flexibly allocating assets into different bonds, capturing the potential dual benefits of risk diversification and a stream of income.

Flexibly makes allocations to different types and regions of bonds according to the market environment with the aim of maximising total potential return.
Aims to deliver potential income and long-term capital appreciation, monthly payouts (yields are not guaranteed, dividends may be paid out from capital)²
With interest rates at record low levels around the developed countries, Asian fixed income stands out with its attractive yields.

FUND HIGHLIGHTS FUND PRICE

²Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Fund's capital or effectively out of the Fund's capital, which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Fund available for investment in the future, and capital growth may be reduced. Dividend payments are applicable for Class AM Dis (monthly distribution) and for reference only, but not guaranteed. Positive distribution yield does not imply positive return. For details, please refer to the Fund's distribution policy disclosed in the offering documents.

Important Notice

The Fund aims at long-term capital appreciation and income, investing primarily in EUR, USD, GBP, JPY, AUD, NZD or any Asian currency denominated debt markets, with the focus on Asian countries.
The Fund is exposed to significant risks which include investment/general market, interest rate changes, creditworthiness, emerging market and currency (in particular Chinese Renminbi currency) risks.
The Fund may invest in high-yield (non-investment grade and unrated) investments and convertible bonds which may subject to higher risks, such as risk of a call, creditworthiness, default, interest rate changes, general market and liquidity risks and therefore may increase the risk of loss of original investment.
The Fund may invest more than 10% and up to 35% of the assets in interest-bearing securities issued or guaranteed by a non-investment grade sovereign issuer (e.g. Philippines) and is subject to higher risks of credit, concentration and default of the sovereign issuer as well as greater volatility and higher risk profile that may result in significant losses to the investors.
The Fund may invest in Chinese Renminbi interest-bearing securities, convertible bonds and certificates in issued outside Mainland China and assets denominated in offshore Chinese Renminbi which may subject to higher risks of liquidity, credit/solvency of its counterparties, tax policies and risk of not having sufficient RMB for currency conversion prior to investment.
The Fund may invest in financial derivative instruments ("FDI") for efficient portfolio management (including for hedging) which may expose to higher counterparty, liquidity and market risks. The Fund will not invest extensively in FDI for investment purpose.
Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Fund’s capital or effectively out of the Fund’s capital which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Fund available for investment in the future and capital growth may be reduced.
This investment may involve risks that could result in loss of part or entire amount of investors' investment.
In making investment decisions, investors should not rely solely on this material.

Allianz US Short Duration High Income Bond

Seeking Potential Income Through Short-duration Bonds

US
Bond

The focus is on US short duration high yield bond to achieve long-term capital appreciation and income.

Short duration bonds carry relatively less interest rate risk and are more resilient to market downturns than traditional high yield bonds.
US economic statistics are pointing to an economy that is growing at a moderate rate and supportive of high yield bonds.
Over half of the portfolio bond holdings are of BB rating*. Higher quality high yield bonds have significantly lower default rates than lower quality bonds.

*Source: Allianz Global Investors, as at 30/6/2016

FUND HIGHLIGHTS FUND PRICE

Important Notice

The Fund aims at long-term capital appreciation and income, investing primarily in US short duration high yield bond.
The Fund is exposed to significant risks which include investment/general market, creditworthiness, counterparty and interest rate changes risks.
The Fund may invest in high-yield (non-investment grade and unrated) investments and convertible bonds which may subject to higher risks, such as risk of a call, creditworthiness, default, interest rate changes, general market and liquidity risks and therefore may increase the risk of loss of original investment.
The Fund’s investments focus on the U.S, which may reduce risk diversification.
The Fund may invest in financial derivative instruments ("FDI") for efficient portfolio management (including for hedging) which may expose to higher counterparty, liquidity and market risks. The Fund will not invest extensively in FDI for investment purpose.
Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Fund’s capital or effectively out of the Fund’s capital which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Fund available for investment in the future and capital growth may be reduced.
This investment may involve risks that could result in loss of part or entire amount of investors’ investment.
In making investment decisions, investors should not rely solely on this material.

Allianz European Equity Dividend

Shining the Spotlight on European Dividends

The focus is on higher European dividend stocks to achieve potential long-term capital growth and dividend returns.

Given the yield advantage of European equities, the Fund's AM share classes aim to pay monthly dividends (yields are not guaranteed, dividends may be paid out from capital)³. This assists you in seeking opportunities for a potential stable source of income.
European economies show signs of improvement with the help of an accommodative fiscal policy by the European Central Bank and rising domestic demand. European equity markets now offer an upside potential on the back of its valuation, trailing behind other global equities.

FUND HIGHLIGHTS FUND PRICE

³ Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Fund's capital or effectively out of the Fund's capital, which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Fund available for investment in the future, and capital growth may be reduced. Dividend payments are applicable for Class AM Dis (monthly distribution) and for reference only but not guaranteed. Positive distribution yield does not imply positive return. For details, please refer to the Fund's distribution policy disclosed in the offering documents.

Important Notice

The Fund aims at long-term capital growth, investing primarily in European markets with adequate dividend returns.
The Fund is exposed to significant risks which include investment/general market, country, European country and company-specific risks. The economic and financial difficulties in Europe may get worse and thus may adversely affect the Fund (such as increased volatility, liquidity and currency risks associated with investments in Europe).
The Fund may invest in financial derivative instruments ("FDI") for efficient portfolio management (including for hedging) which may expose to higher counterparty, liquidity and market risks. The Fund will not invest extensively in FDI for investment purpose.
Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Fund’s capital or effectively out of the Fund’s capital which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Fund available for investment in the future and capital growth may be reduced.
This investment may involve risks that could result in loss of part or entire amount of investors' investment.
In making investment decisions, investors should not rely solely on this material.

Allianz GEM Equity High Dividend

Finding Hidden Opportunities in Emerging Markets

The focus is on global emerging equity markets, in particular the equities with a potential dividend yield above the market average aiming at long-term capital growth.

With behavioral finance as the investment philosophy focus, the Fund captures the potential investment opportunities stemmed from the market inefficiencies.
Focuses on high dividend paying stocks. The contribution from dividends to cumulative performance has a significant impact over time.
Emerging markets offer the highest earnings growth rate and most attractive valuation among the major equity asset classes.

FUND HIGHLIGHTS FUND PRICE

Important Notice

The Fund aims at long-term capital growth through investments in global emerging equity markets, focusing on equities with a potential dividend yield above the market average.
The Fund is exposed to significant risks which include investment/general market, emerging market (such as Mainland China), company-specific and currency (in particular Chinese Renminbi currency) risks. The Fund may invest in the China A-Share market via the Shanghai-Hong Kong Stock Connect (“Stock Connect”) and thus is subject to the Stock Connect risks (including investment quota limitations, trade restrictions, clearing and settlement, uncertainty and change of the PRC law and taxation risks).
The Fund may invest in financial derivative instruments ("FDI") for efficient portfolio management (including for hedging) which may expose to higher counterparty, liquidity and market risks. The Fund will not invest extensively in FDI for investment purpose.
Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Fund’s capital or effectively out of the Fund’s capital which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Fund available for investment in the future and capital growth may be reduced.
This investment may involve risks that could result in loss of part or entire amount of investors’ investment.
In making investment decisions, investors should not rely solely on this material.

Allianz Income and Growth

Setting in Place Opportunities for Income and Growth

Focusing on US market investments, there are three disciplines and one goal: income and growth potentials.

This Fund adopts a “three-sleeve” approach to provide potential income and capital appreciation.
Aims to deliver potential income, monthly payouts (yields are not guaranteed, dividends may be paid out from capital)⁴.
Despite uncertainty in global markets, US corporations' balance sheets are stronger, leverage is lower and cash levels remain relatively high. This market offers extensive and compelling investment opportunities.

FUND HIGHLIGHTS FUND PRICE

⁴ Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Fund's capital or effectively out of the Fund's capital, which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Fund available for investment in the future, and capital growth may be reduced. Dividend payments are applicable for Class AM Dis (monthly distribution) and for reference only but not guaranteed. Positive distribution yield does not imply positive return. For details, please refer to the Fund's distribution policy disclosed in the offering documents.

Important Notice

The Fund aims at long-term capital appreciation and income, investing primarily in a combination of common stocks and other equity securities, debt securities and convertible securities. The allocation across these asset classes varies substantially from time to time.
The Fund is exposed to significant risks which include investment/general market, company specific, creditworthiness and interest rate changes risks.
The Fund may invest in high-yield (non-investment grade and unrated) investments and convertible bonds which may subject to higher risks, such as risk of a call, credit, default, interest rate changes, general market and liquidity risks and therefore may increase the risk of loss of original investment.
The Fund’s investments focus on U.S. and Canada, which may reduce risk diversification.
The Fund may invest in financial derivative instruments ("FDI") for efficient portfolio management (including for hedging) which may expose to higher counterparty, liquidity and market risks. The Fund will not invest extensively in FDI for investment purpose.
Dividend payments may, at the sole discretion of the Investment Manager, be made out of the Fund’s capital or effectively out of the Fund’s capital which represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. This may result in an immediate decrease in the NAV per share and the capital of the Fund available for investment in the future and capital growth may be reduced.
This investment may involve risks that could result in loss of part or entire amount of investors' investment.
In making investment decisions, investors should not rely solely on this material.

For more details about this series of funds, please contact your bank’s relationship manager or contact us on the hotline below:

+852 2238 8000 www.allianzgi.hk/funds [email protected]

Information herein is based on sources we believe to be accurate and reliable as at the date it was made. We reserve the right to revise any information herein at any time without notice. No offer or solicitation to buy or sell securities and no investment advice or recommendation is made herein. In making investment decisions, investors should not rely solely on this material but should seek independent professional advice.

Investment involves risks, in particular, risks associated with investment in emerging and less developed markets. Past performance is not indicative of future performance. Investors should read the offering documents for further details, including the risk factors, before investing. This material and website have not been reviewed by the HK SFC. Issued by Allianz Global Investors Asia Pacific Limited.

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