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Virtus AllianzGI Global Allocation A PALAX

Analyst rating as of
NAV / 1-Day Return
11.78  /  0.76 %
Total Assets
297.4 Mil
Adj. Expense Ratio
0.910%
Expense Ratio
0.910%
Fee Level
Low
Longest Manager Tenure
12.02 years
Category
World Allocation
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Status
Open
TTM Yield
1.46%
Turnover
141%
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Morningstar’s Analysis

Will PALAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A Comanager Departure at AllianzGI Global Allocation Doesn't Change its Ratings

Analyst Note

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Effective Feb. 1, Rahul Malhotra, a comanager at Virtus AllianzGI Global Allocation (previously AllianzGI Global Allocation), left the firm to pursue an external opportunity. Malhotra had been listed on the strategy since 2013 and was in charge of its 10% sleeve allocated to managed futures. Claudio Marsala, who heads the global multi asset liquid alternatives team, has been listed on the strategy replacing Malhotra. Given the collegial and process-driven nature of this managed-futures sleeve, we don’t expect these changes to be disruptive. All other named comanagers are unchanged, as is our Average People rating on the strategy.

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