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All data as of 09.30.09, unless otherwise indicated. 
RCM Focused Growth
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About this Strategy Performance  Portfolio Review & Outlook  Literature 
Strategy Overview
Highlights
  • Growth potential of large-cap stocks
  • Management by experienced growth experts
  • Research-driven investment process
  • Disciplined portfolio construction
Process & Philosophy

GROWTH POTENTIAL

The changing U.S. economy continues to provide significant growth opportunities for large-cap companies. RCM's Focused Growth managed account portfolio is a smart way to access the growth potential of this asset class.

 

EXPERIENCED SPECIALISTS

RCM launched its U.S. operations in 1970. Since then, the firm has grown into one of the most highly regarded investment management companies in the world. RCM has offices in San Francisco, Frankfurt, London, Hong Kong and other key financial centers. In addition, it has access to thousands of investment professionals, analysts, researchers, and industry contacts around the world.

 

RESEARCH-INTENSE INVESTMENT PROCESS

RCM seeks to invest the Focused Growth managed account portfolio in high quality growth companies with relatively attractive valuations. To achieve this goal, the managers rely on a dual-platform research process: in-depth fundamental research and it's own GrassrootsSM Research. Together these two distinct methods yield the necessary data for valuation and stock selection.

  • Fundamental research-Analysts are divided into six industry concentrations: technology; financial services; telecom/media; health care; business industrial; and consumer/retail. Within each sector analysts conduct meticulous research on the industry framework and specific companies to identify stocks that meet the firm's growth, quality and valuation criteria.
  • GrassrootsSM Research is a network of more than 300 independent reporters and field investigators located in approximately 35 countries, as well as some 50,000 industry contacts located around the world. GrassrootsSM provides hands-on insights to reality check assumptions about countries, sectors, companies and products.
Portfolio Construction

RCM's Focused Growth managed account portfolio seeks to outperform its benchmarks, the Russell 1000 Growth and S&P 500 Indices. Selecting the stocks to achieve this goal is done in accordance with a disciplined process.

  • Growth screen-Research universe of large-cap U.S. stocks regarding growth prospects, looking for evidence of sustained earnings growth, positive cash flow, a unique market position, proprietary products/services and productive research and development.
  • Quality screen-Remaining stocks are screened for strong quality attributes, including management integrity, well capitalized balance sheet, and sound accounting principles.
  • Valuation screen-Identify stocks with above market growth rates, positive relative valuations and reasonable risk exposure.
  • Reality check-Industries and companies considered for inclusion in the portfolio may also be researched by the firm’s GrassrootsSM division.
  • Security selection-Best opportunities for growth are included in the portfolio, with adjustments made according to client specifications.
At A Glance
Objective
A managed account seeking long-term capital appreciation through investment in the stocks of high quality, predominantly large-cap companies.

Management Firm
RCM Capital Management LLC (RCM)

San Francisco, California

RCM is a truly global asset manager and a company of Allianz Global Investors. The firm operates across three continents and five time zones from six international offices- San Francisco, London, Frankfurt, Hong Kong, Tokyo and Sydney. RCM's range of investment solutions spans the market cap and style spectrum and reaches from regional and global strategies to multi-asset and structured products.



Founded
1970

Assets
$13.8 billion under management (as of 06.30.08)



> Management Commentary


This information is intended solely to report on investment strategies and opportunities identified by Allianz Global Investors. Statements concerning financial market trends are based on current market conditions, which will fluctuate. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. References to specific securities and their issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities.

 

Allianz Global Investors Managed Accounts manages the RCM Focused Growth accounts using a model portfolio developed by the sub-advisor RCM Capital Management (RCM) as a guide. While Allianz Global Investors Managed Accounts generally intends to follow RCM's recommendations, as the account manager it has the discretion to accept or reject any investment recommendation and to deviate from the model portfolio.

 

Investing in securities entails risk. Because RCM Focused Growth Portfolio investments may be concentrated in stocks of a limited number of companies, this portfolio involves increased risk.

 

The Russell 1000 Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values.

 

The Standard & Poor's 500 Stock Index (S&P 500) is an unmanaged index that is generally representative of the U.S. stock market. Unless otherwise noted, index returns reflect the reinvestment of income dividends and capital gains, if any, but do not reflect fees, brokerage commissions or other expenses of investing. Investors may not make direct investments into any index.

 

GrassrootsSM Research is a division of RCM Capital Management LLC. Research data used by GrassrootsSM to generate GrassrootsSM Research recommendations is received from reporters and field force investigators who work as independent contractors for broker-dealers who supply research to RCM and certain affiliates in connection with brokerage services. The information and opinions have been compiled in good faith from sources believed to be reliable, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness.

 

The managed account strategies described on this website are offered by Allianz Global Investors Managed Accounts LLC and are available exclusively through financial professionals. Allianz Global Investors Managed Accounts LLC is an SEC registered investment advisor. Participation is restricted to accounts with a minimum asset level and may not be suitable for all investors. For more information, contact your financial advisor. Financial professionals seeking more information should contact their managed accounts department or Allianz Global Investors.

 

Allianz Global Investors Managed Accounts LLC, 1345 Avenue of the Americas, New York, NY 10105-4800. Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED
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