AllianzGI Emerging Markets Debt Fund announces plans to launch

By Toni Weeks

San Luis Obispo, Calif., April 11 - Allianz Multi-Strategy Funds plans to offer a new fixed-income fund targeting emerging markets debt investments.

According to an N-1A filing with the Securities and Exchange Commission, the AllianzGI Emerging Markets Debt Fund will seek long-term capital appreciation and current income. Under normal circumstances, it will invest at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of interest-bearing debt instruments issued by sovereign, quasi-sovereign or corporate issuers of emerging market countries.

Greg Saichin and Zeke Diwan will be the portfolio managers.

The fund will offer four share classes: class A, class C, institutional and class P. The ticker symbols have not yet been set.

Shareholder fees will consist of a 3.75% sales load on class A shares and a 1% maximum contingent deferred sales charge on class A and class C shares. Management fees and total annual fund operating expenses have not yet been determined.

New York-based Allianz Global Investors Fund Management LLC will serve as the investment adviser.

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