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Tearing Down the 8.6% Dividend Yielding Allianz GI Income and Growth Fund.
By Investment Moats  •  May 24, 2023
There is this unit trust that people have been mentioning to us, or myself for the longest time: Allianz Income and Growth Fund. I don’t know what is the fascination over this fund. Those people investing in funds talked about it. Prospects and clients talked about it. Even lead generation companies who help advisory firms generate leads use it to be part of it’s “8% P.A. Retirement Plan”! On the first cut, here is the appeal:
  1. It pays out monthly dividend income, which appeals to people looking for income such as retirees a lot.
  2. The dividend income based on the unit price is above 8%.
  3. It is a five-star Morningstar Rated fund since April 2020.
  4. Their friends or you-know-who says it is good.
I took a quick look at the fund, then I was puzzled. I seen my fair share of high-yield bond-based income unit trust and this one looked just as risky....
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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