Allianz Global Investors and cominvest are committed to the greatest possible continuity of their existing product ranges in the interests of their customers and distribution partners.

"We have an overriding interest in making sure private individuals who decide to invest in one of the two companies' funds by December 31, 2008 – and so before the introduction of the new 25-percent flat-rate tax on capital gains – are able to preserve the fiscal profile of their investment. That means first and foremost retaining the diversity of high-quality products of both companies as well as the asset-management products launched with the new tax in mind," says Sebastian Klein, CEO of cominvest.

The companies will make use of possibilities, in particular ones that are already available, to merge duplicated products and funds lacking critical mass in a way that has a neutral impact in terms of the new tax. "We will exhaust existing options to the benefit of our customers. These mergers will give rise to retail funds with a greater volume that can be managed efficiently long-term in the best interests of the investors. This way we'll have a lot more creative scope than our competitors to provide our customers with long-term support in their investment endeavors as a strong and reliable partner," explains Horst Eich, CEO of Allianz Global Investors Deutschland.

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