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.
Will PPGRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PPGRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PPGRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PPGRX’s parent organization’s priorities and whether they’re in line with investors’ interests.