Virtus Investment Partners will take over AllianzGI's U.S.-based funds, while keeping AllianzGI as the subadvisor of the lineup, besides the funds the legacy NFJ Investment Group still runs. This is the upshot of a strategic partnership AllianzGI and Virtus announced July 7, 2020. Virtus will become the investment advisor of AllianzGI’s approximately $23 billion in open-end, closed-end, and retail separate account assets. With the exception of the funds the NFJ group runs, all AllianzGI strategies will keep their current AllianzGI investment teams as subadvisors. None of the funds’ managers or approaches should change as a result of the agreement, so Morningstar Analyst Ratings will stay the same for now.
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