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Terms and Conditions of Use

Please read this important information before proceeding further. It contains legal and regulatory notices relevant to the information contained on this website.

Please note that all of the Allianz Global Investors investment products referred to on this website are only available to persons normally resident for tax purposes in the United Kingdom of Great Britain and Northern Ireland.

Regulation and Status Disclosure
Allianz Global Investors represents products and services of RCM (UK) Ltd (Registered in England No 2014586 & VAT No 848 9146 78) and Allianz Global Investors (UK) Ltd (Registered in England No 1963362). Authorised and regulated by the Financial Conduct Authority. FCA registration number: 122218 (Allianz Global Investors (UK) Ltd.), 122219 (RCM (UK) Ltd.), both companies have their registered office at 155 Bishopsgate, London EC2M 3AD and are wholly owned subsidiaries of Allianz AG and members of the Allianz Global Investors Marketing Group. Allianz Global Investors (UK) Ltd. is a member of the Investment Management Association. The Financial Conduct Authority's address is 25 The North colonnade, Canary Wharf, London, E14 5HS. The Financial Conduct Authority website is at Throughout the website Allianz Global Investors (UK) Ltd. and RCM (UK) Ltd. may sometimes be referred to as Allianz Global Investors.

Please note that the important information set out here does not exclude or restrict any duty or liability to customers of Allianz Global Investors under the Financial Services and Markets Act 2000 or under the Financial Conduct Authority Rules.

You should always bear in mind the following points which are applicable to all Funds:
  • Past performance is not a guide to future performance.
  • The value of investments and any income from them may go down as well as up. You may not get back all of your original investment. You should not make any assumptions about the future on the basis of this information.
  • Except for products investing exclusively in the UK, currency exposure exists in all funds. Changes in rates of exchange may cause the value of investments and the income from them to go down or up.
  • In a building society your money is secure, whereas in a stockmarket-based investment it is exposed to a degree of risk and the value of your investment will fluctuate up and down.
  • For Fixed Income Funds the running yield gives an indication of the current level of income. The redemption yield gives a more long-term picture, taking into account expected capital repayments as well as income repayments. Both the yield and capital value of the fund can fluctuate and is not guaranteed.
  • Corporate bonds have a greater risk of default and are therefore less secure than investments in Government Bonds.
  • Tax assumptions may change if the law changes. The value of tax relief and eligibility to invest in an ISA will depend on individual circumstances.
Risk Warning Specifically for Allianz BRIC Stars Fund
The markets in which this fund invests may be highly volatile and carry a higher risk both in terms of market and currency volatility which may result in dramatic fluctuations from time to time. Risks might also include dealing difficulties, settlement and custody practices and the market for some of the securities may be less liquid. Investments in emerging markets include investment in Russia. You should be aware that although the Russian Registrar Companies, that provide share registration services to issuers of Russian securities, are appropriately licensed in Russia, they may not be subject to the same stringent controls, as in other, more developed countries. This may mean that investors may not secure good title to the Russian securities held by the local Depositary. Hence, because of the potential for even greater volatility in such markets, there is a consequently greater risk of you not receiving back all/or any of your investment allocated to this market. The Fund will hold typically around 60 stocks. Lower diversification and active stock selection can result in greater than average investment in individual countries, companies or market sectors. Such concentration can give rise to more risk than where investments are spread over a larger number of countries, companies or market sectors. Whilst this may increase the potential gains, this concentration of exposure and lack of diversification may also substantially increase the risk of loss in the Fund. Past performance is no guide to future performance and the value of an investment and the income from it can fall as well as rise.

A person within Allianz Global Investors, its affiliates and their directors may or may not have a position in or with respect to any investments mentioned on this website.

Applications to invest in any product referred to on this site must only be made on the basis of the current documentation relating to the specific investment.

If you are in any doubt about the information contained on this website please call us on 0800 317573 and speak to one of our trained helpline staff or consult a professional financial adviser.

The material contained in this website is directed only at persons or entities in any jurisdiction or country where such access to information contained herein and use thereof is not contrary to local law or regulation. Accordingly, all persons who access this website are required to inform themselves of and to comply with any such restrictions.

Allianz Global Investors only provides information on our own and other group company products and does not give advice to retail customers based on individual circumstances. Please contact a financial adviser if you need advice.

No Reliance
Although Allianz Global Investors has taken all reasonable care that the information contained within the website is accurate at the time of the publication, no representation or warranty (including liability towards third parties), expressed or implied, is made as to its accuracy, reliability or completeness by Allianz Global Investors or its contractual partners. Information, opinions and estimates and any other contents on this website are provided by Allianz Global Investors for personal use and informational purposes only and are subject to change without notice. Nothing contained on the website constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision.

No Warranty
The information and opinions contained on the website are provided without any warranty of any kind, either expressed or implied, to the fullest extent permissible pursuant to applicable law. Allianz Global Investors further assumes no responsibility for, and makes no warranties that, functions contained on the website will be uninterrupted or error-free, that defects will be corrected, or that the website or the servers that make it available will be free of viruses or other harmful components.

Liability Waiver
Under no circumstances, including, but not limited to, negligence, shall Allianz Global Investors be liable for any special or consequential damages that result from the access or use of, or the inability to access or use, the materials at the website.

A 'cookie' is a piece of information that is saved to your PC by the web server. Confirmation of reading this disclaimer will place a cookie on your PC and it will ease your navigation around the web site by not popping up this disclaimer again during this browser session. This cookie is temporary and will be removed when you close your browser. The cookie is not used for any other reason on this site.

Linked Sites
Some pages on this website contain information maintained by third parties. Although the information is believed to be reliable, Allianz Global Investors does not guarantee the timeliness, accuracy or suitability of such information in any way and anyone who acts on the information does so entirely at their own risk. Allianz Global Investors is not responsible for the content of any links to off-site pages, nor is it responsible for any websites that may contain links to this website. Any such website will not have been reviewed by Allianz Global Investors and Allianz Global Investors shall not be liable for any loss or damage arising from your reliance upon information therein. Following links to any off-site pages or other websites shall be entirely at your own risk.


Nothing on the website shall be construed as granting any license or right to use any image, trademark, service mark or logo. Allianz Global Investors reserves all rights with respect to copyright and trademarks ownership of all material on the website and will enforce such rights to the full extent of applicable law.

Money Laundering
Any transaction involving client money will be covered by statutory and other requirements relating to money laundering including the Proceeds of Crime Act 2002, the Money Laundering Regulations, the Financial Conduct Authority rules and the Joint Money Laundering Steering Group Guidance Notes, as amended from time to time (jointly "the Money Laundering Requirements").

© Copyright Allianz Global Investors (UK) Ltd. and RCM (UK) Ltd. 2005.
For professional investors only. Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors may not get back the full amount invested. Infrastructure debt investments are highly illiquid and designed for long term investors only.