As of 31 March 2011, managed and advised assets in SRI was at 10.5 billion (including 2.5 billion invested in mutual funds), an increase by 54.5 percent compared to 31 December 2010 and by 114.2 percent compared by 31 March 2010 (4.9 billion). This increase was due mainly to the expansion in the institutional client advisory business in France and elsewhere in Europe.
AllianzGI Investments Europe crosses 10 billion euros mark
The breakdown in assets under management and advisory by asset class was as follows:
- Equities: 2.7 billion euros
- Balanced: 3.9 billion euros
- Fixed-income: 2.8 billion euros
- Money-market: 1.1 billion euros
Giovanni Bagiotti, CEO AllianzGI Investments Europe comments: "This significant rise in SRI assets under management and advisory has strengthened our position in this strategic business area." The European investment platform was created in May 2010 and became a signatory of the Principles for Responsible Investment (PRI) at the beginning of 2011 in the continuity of AllianzGI France, PRI signatory since 2007.
At the 2010 UNPRI signatory evaluation against the implementation of these principles in their investment policies and practices, AllianzGI France ranked in 1st and 2nd quartile in its peer group of 192 investment companies in the section "mainstream asset manager" worldwide in five out six categories and on the "governance, politic and strategy" criteria. Allianz Global Investors' European investment platform has 14 dedicated fund managers and analysts working in SRI and corporate governance issues. The 5 mutual funds of its SRI fund range received Novethic SRI Label in 2009 and 2010. Novethic is the leading French research centre for corporate social responsibility.
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