Investing in a low-carbon economy

Allianz Climate Transition

What does climate transition mean?

It is the process by which targets, policies and/or strategies are set by different stakeholders in order to structurally and radically reduce energy consumption and limit greenhouse gas emissions from production means, and ultimately achieve a low-carbon economy.

Fund overview

Protecting the environment is part of our core business. The Allianz Europe Equity Climate Transition Fund invests in European companies engaged in the transition to a “low carbon” economy.

Investment approach

Our approach aims to control the portfolio’s exposure to carbon risk by reducing its carbon footprint over the recommended investment horizon without excluding sectors that traditionally emit significant amounts of greenhouse gases.

The Fund’s investment strategy is based on the active selection of stocks, which are part of the transition to a low-carbon economy, while respecting our sustainable development criteria and our financial requirements.

We exclude risky practices on the basis of the following: absence of greenhouse gas reduction targets, serious controversies in the environmental field, very high-risk practices. While we invest in companies with low levels of carbon emissions relative to peers, we also favour companies committed to improve their carbon emissions overtime (also called “best efforts”) and those producing products or services that facilitate the transition to a low-carbon economy (“best solutions”).

1) The Morningstar Sustainability RatingTM is a measure of how well the holdings in a portfolio are managing their environmental, social, and governance, or ESG, risks and opportunities relative to their Morningstar Category peers. As of 30 June 2018 the strategies were rated 5 globes meaning that the funds stand within the top 10% within its Morningstar category in terms of Sustainability. Its Sustainability score even placed it within the top 5% of its Morningstar category.


Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors might not get back the full amount invested. Allianz Climate Transition is a sub-fund of Allianz Global Investors Fund SICAV, an open-ended investment company with variable share capital organised under the laws of Luxembourg. The value of the units/shares which belong to the Unit/Share Classes of the Sub-Fund that are denominated in the base currency may be subject to a strongly increased volatility. The volatility of other Unit/Share Classes may be different. Past performance is not a reliable indicator of future results. Investment funds may not be available for sale in all jurisdictions or to certain categories of investors. This communication has not been prepared in accordance with legal requirements designed to ensure the impartiality of investment (strategy) recommendations and is not subject to any prohibition on dealing before publication of such recommendations.

For a free copy of the sales prospectus, incorporation documents, daily fund prices, key investor information, latest annual and semi-annual financial reports, contact the issuer at the address indicated below or www.allianzgi-regulatory.eu. Austrian investors may also contact the Austrian information agent Allianz Investmentbank AG, Hietzinger Kai 101-105, A-1130 Vienna. Please read these documents, which are solely binding, carefully before investing. This is a marketing communication issued by Allianz Global Investors GmbH, www.allianzgi.com, an investment company with limited liability, incorporated in Germany, with its registered office at Bockenheimer Landstrasse 42-44, 60323 Frankfurt/M, registered with the local court Frankfurt/M under HRB 9340, authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (www.bafin.de). Allianz Global Investors GmbH has established branches in the United Kingdom, France, Italy, Spain, Luxembourg and the Netherlands. Contact details and information on the local regulation are available here (www.allianzgi.com/Info).