Fund Idea Fund Friday: Further capitalizing on Europe's Recov | FSMOne SG - Research Highlights

Fund Idea

Fund Friday: Further capitalizing on Europe's Recovery

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• European stocks had had an excellent 2021 thus far, and while we believe that Europe is already experiencing pricer valuations, ample investment opportunities still exist in this space. A blend of high quality growth and value is likely the best case going forward.

• Allianz Europe Equity Growth Select is growth-centric fund with a distinct focus on quality. However, The Fund also has defensive holdings as well, providing an opportunity for investors to experience the best of both worlds.

• For investors who remain bullish on Europe, the Fund is a good option with a mix of structurally sound growth names and high quality defensive holdings.

• The Fund has stellar performance, significantly outperforming their benchmark index for the past 3 years . With only 37 holdings, the Fund is highly concentrated compared to peers. However, from a risk adjusted standpoint, the Fund is a superior choice, with 3Y annualized returns being twice of peer averages.

• With the European market now trading at near fair level, investors should start focusing more on quality companies with sustainable long term growth - companies that Allianz Europe Equity Growth Select provides healthy exposure to.

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: Allianz Europe Equity Growth Select