Important risk disclosure

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LU0857590862
Allianz Europe Equity Growth Fund USD-Hedged

  • Equities
  • Europe
  • USD Cash
  • Accumulating
Invest with
USD Cash
Payout type
Accumulating
Risk rating
5
About this fund
Description
The Fund aims at long-term capital growth by investing in equity markets in Europe with a focus on growth stocks.
Key information
Annual report
Key fact sheet
Prospectus
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
Quality tilted approach in offering equity exposure to a broad universe of European companies that display strong growth characteristics
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people
People
Managed by Allianz's Global Growth team's Chief Investment Officer Thorsten Winkelmann since 2008 and is a part of Allianz's core European offering with over $26 billion Euros in assets
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performance
Performance
Consistently ranks in the top quartile of Morningstar's Europe Large-Cap Growth Equity category and is the among the best performing funds over a 15 year period
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process
Process
Go anywhere approach allowing the team flexibility to scour the entire European landscape for attractive growth opportunities, resulting in high active share of 70-75% relative to the growth-style benchmark Identifies stocks with above-average structural earnings and cash flow growth which the market has not yet full anticipated
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cost
Cost
Retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access
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selectionCriteria
How it fits in a portfolio
Investors looking for exposure to attractive growth opportunities in Europe can consider the fund as a satellite position to complement other existing equity funds Investors should be cognizant of the volatility that accompanies growth-style investing with long holding periods, and should be mindful of the concentration risks involved with investing in a region-specific portfolio
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Invest in this fund
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Total returns
All Time
165.68%
YTD
-5.33%
1 month
-3.15%
6 month
-11.60%
1 year
-11.32%
3 year
20.62%
5 year
22.29%
10 year
92.36%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Risk metrics
Max drawdown
-37.36%As of Aug 2025
Volatility
16.79%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-7.8%-0.7%-9.0%-1.9%6.4%-1.9%-2.1%-3.2%----
20241.5%1.0%5.3%2.5%-4.5%3.0%1.3%-0.8%0.6%0.5%-6.4%-0.3%-0.1%
202323.1%7.4%2.7%3.3%-0.3%2.2%0.1%2.2%-4.8%-4.2%-5.5%11.9%7.5%
2022-28.0%-13.9%-6.1%4.2%-5.4%-4.6%-12.2%15.0%-7.9%-11.3%8.6%9.6%-3.5%
202132.4%0.3%2.3%4.9%4.8%1.2%3.8%5.4%4.3%-6.9%4.6%1.0%3.4%
Top Exposures
ASML Holding NV7.51%
SAP SE6.33%
DSV AS3.60%
L'Oreal SA3.39%
Compass Group PLC3.24%
Sika AG3.20%
Assa Abloy AB Class B3.19%
Partners Group Holding AG3.14%
Atlas Copco AB Class A3.02%
Adyen NV2.92%
Scout24 SE2.92%
Infineon Technologies AG2.76%
Kingspan Group PLC2.74%
Legrand SA2.66%
Novo Nordisk AS Class B2.59%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
1.85%1.10% p.a.
Save 40%
Fund facts
ISIN
LU0857590862
Fund house
Allianz
Fund size
US$2.7B
As of 09 Sep 2025
Fund inception date
06 Dec 2012
Fund class currency
USD
Fund share class
AT USD Hgd H2 Acc
Oldest share inception date
02 Oct 2006
Pricing frequency
Daily

Warning statements

  • All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
  • Past performance is not indicative of future performance.
  • Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
  • If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

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