Dresdner MPF funds shift to bonds

With inflation on the rise, Allianz Dresdner is increasing its allocation to fixed income and reducing equities.

Over the next three months Allianz Dresdner Asset Management ADAM is going to shift its Hong Kong retirement scheme plans in the face of inflation threats, with its balanced funds increasing allocations to fixed income and decreasing exposure to equities, says Mark Konyn, CEO, Hong Kong. Within equities, however, the firm will retain its overweight to Asian equities, which it expects to continue to outperform US and European equities.

Today the balanced funds are 2%...

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