- The Fund aims at long-term income and capital growth by investing in global equity and bond markets with a focus on companies whose business will benefit from or is currently related to evolution of intelligent cities and connected communities in accordance with environmental and social characteristics. With the adoption of the Sustainability Key Performance Indicator Strategy (Relative) (“KPI Strategy (Relative)”), the Fund aims to achieve the reduction in greenhouse gas emissions (“GHG”) of the Fund’s portfolio which shall be at least 20% lower than that of its benchmark within the same period (“Sustainability KPI”).
- The Fund is exposed to significant risks of investment/general market, asset allocation, concentration, intelligent cities and connected communities, emerging market, company-specific, creditworthiness/credit rating/downgrading, interest rate, default, valuation, volatility and liquidity and currency (such as exchange controls, in particular RMB), and the adverse impact on RMB share classes due to currency depreciation.
- The Fund is exposed to sustainable investment risks relating to KPI Strategy (Relative) (such as foregoing opportunities to buy certain securities when it might otherwise be advantageous to do so, and/or selling securities when it might be disadvantageous to do so or relying on information and data from third party ESG research data providers and internal analyses which may be subjective, incomplete, inaccurate or unavailable). The Fund focuses on the Sustainability KPI which may reduce risk diversifications and may be more volatile compared to broadly based funds. Also, the Fund may be particularly focusing on the GHG efficiency of the investee companies rather than their financial performance which may have an adverse impact on the Fund’s performance.
- The Fund may invest in high-yield (non-investment grade and unrated) investments and convertible bonds which may subject to higher risks, such as volatility, loss of principal and interest, creditworthiness and downgrading, default, interest rate, general market and liquidity risks and therefore may adversely impact the net asset value of the Fund. Convertibles may also expose to risks such as prepayment, equity movement, and greater volatility than straight bond investments.
- The Fund may invest in financial derivative instruments (“FDI”) which may expose to higher leverage, counterparty, liquidity, valuation, volatility, market and over the counter transaction risks. The Fund’s net derivative exposure may be up to 50% of the Fund’s net asset value.
- 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.
Note: 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, in particular for hedged share classes for which the distribution amount and NAV of any hedged share classes (HSC) may be adversely affected by differences in the interests rates of the reference currency of the HSC and the base currency of the Fund, particularly if such HSC are applying the IRD Neutral Policy.
Why invest in Allianz Global Intelligent Cities Income (“the Fund”)?
Software & Services
Leveraging intelligent systems to enhance operational efficiency
Security & Protection
Safeguarding property and data through surveillance and IoT technologies
Smart Living
Exploring home automation innovations
Sharing Economy
Transforming traditional models to maximize asset utilization
Infrastructure
Next-generation IoT and communication technology foundations
Smart Buildings
Modern structures equipped with automation and integrated management systems
Clean Energy
Renewable energy integrated with intelligent power distribution systems
Smart Mobility
Electrification and low-emission transportation with autonomous capabilities
147.3 billion
USDMarket Size in 2024
➔
27.4%
Compound Annual Growth Rate (CAGR)Forecast Period: 2025–2033
➔
1.19 trillion
USD Expected market size of US smart city-related opportunities in 2033
Source: Grand View Research, June 2025. Compound Annual Growth Rate (CAGR) = (Ending Value/Beginning Value)^(1/Years)- 1.
Stock Growth Momentum:
- Creates long-term capital gain opportunities
- Flexible call option selling helps generate additional income and reduce volatility
- Offers investment-grade income opportunities
- Unlimited upside potential with relatively lower downside risk compared to stocks
Stable Bond Income:
- Corporate bonds provide steady returns and attractive yield levels
Source: Allianz Global Investors, 2025.
There is no guarantee that these investment strategies and processes will be effective under all market conditions and investors should evaluate their ability to invest for a long-term based on their individual risk profile especially during periods of downturn in the market. Past performance, or any prediction, projection or forecast, is not indicative of future performance.
There is no guarantee that these investment strategies and processes will be effective under all market conditions and investors should evaluate their ability to invest for a long-term based on their individual risk profile especially during periods of downturn in the market. Past performance, or any prediction, projection or forecast, is not indicative of future performance.
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