The legacy NFJ Investment Group that manages AllianzGI International Value ANJIX, AllianzGI Small-Cap Value PSVIX, and AllianzGI Mid-Cap Value PRNIX is moving to Virtus Investment Partners VRTS. Under the arrangement, which still needs board and shareholder approval, Virtus will acquire the NFJ team but let it operate as an autonomous, affiliated manager. The NFJ brand, which AllianzGI had phased out, will likely return in some form. The firms could finalize the plans by year-end.
Will PVADX outperform in future?
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