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AI brief of an SEC Form 8-K · KOREA FUND INC (KF)

Korea Fund: Virtus to become fund investment manager under AllianzGI partnership

Neutral Impact 4 of 5 product/contract Written later

Korea Fund's investment manager, AllianzGI U.S., and Virtus Investment Partners announced a strategic partnership under which Virtus Investment Advisers, Inc., a Virtus subsidiary, would become the Fund's investment manager. The new arrangements require approval from the Fund's Board of Trustees and shareholders and are expected to be in place by the end of 2020.

Key points

  • Virtus Investment Advisers, Inc., a wholly-owned Virtus subsidiary, would become the Fund's investment manager.
  • The arrangements are subject to approval by the Fund's Board of Trustees and Fund shareholders; completion is expected by the end of calendar year 2020.
  • AllianzGI teams would continue to manage the strategies in a subadvisory capacity; AllianzGI has approximately $23 billion in U.S. retail assets as of May 31, 2020.
  • The companies did not disclose specific terms other than that there are no payments at closing.

The filing

CompanyKOREA FUND INC (KF)
Form8-K, current report
Filed with the SECJul 7, 2020, 4:32 PM ET
Accession number0001193125-20-188820

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 07, 2020.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.