Allianz GI underpins leadership in active asset management with performance and insight

Allianz Global Investors AG (AllianzGI), one of the world's leading asset management companies, continued its strong track record of out-performance for clients and strong net inflows during 2010. Its global network of leading asset managers, each focused on achieving strong, sustainable investment results, has generated excellent investment returns for clients with 87 per cent of assets outperforming on a three year basis1. Over the past 10 years, over 80 per cent of AllianzGI's assets under management have been outperforming, underscoring the company's commitment to providing sustained value to clients.

The success of AllianzGI's client-centric approach is borne out by strong inflows and a growing asset base. During 2010, AllianzGI, supported by PIMCO in particular, attracted net inflows of 119 billion euros. By the year-end assets under management across AllianzGI had increased 27 per cent, reaching nearly 1.5 trillion euros.

AllianzGI attributes its success to the insights it provides its clients as well as the performance of its funds. Through a wide range of academic and investment research as well as thought leadership on critical issues such as retirement, AllianzGI aims to equip its clients to make better informed investment decisions.

Commenting on the year's performance, Marna Whittington, COO of Allianz Global Investors, said: "We passionately believe that active asset management adds value, and that this stance has been vindicated by our continued strong business and financial performance over the past twelve months. More than that, though, we believe that providing and sustaining a high degree of client centricity is a necessary ingredient in order to thrive over the longer term. Clients are looking for a partner that shares information, has transparent and effective investment strategies, and provides quality advice and guidance through thought-leadership."

Marna Whittington, COO of Allianz Global Investors

Joachim Faber, CEO of Allianz Global Investors, commented: "Allianz Global Investors has come a very long way in the past ten years, accounting now for 22 per cent of Allianz SE operating profit. During this time, we have established a strong track record with clients and attracted cumulative net inflows of nearly 500 billion euros. Supported by a diverse range of talent across the company, we are well placed to continue our client-led growth in the years to come. In particular, I see significant opportunities at a Group level in co-operation with Allianz Life to strengthen our client position in the retirement market."

1 AllianzGI account-based, asset-weighted 3-year investment performance of third party assets vs. benchmark including all accounts managed by equity and fixed income managers of AllianzGI. For some retail equity funds the net of fee performance is compared to the median performance of an appropriate peer group (Morningstar or Lipper; 1st and 2nd quartile mean out- performance). For all other retail funds and for all institutional accounts performance is calculated gross of fees using closing prices (revaluated) where appropriate and compared to the benchmark of each individual fund or account. Other than under GIPS (Global Investment Performance Standards), the performance of closed funds/accounts is not included in the analysis. Fund-of-funds at AllianzGI Solutions, accounts at AllianzGI Investments Europe, Zurich Branch and Joint-Venture GTJA China and in parts WRAP accounts are not considered. Not included until 3Q 2009: AllianzGI Taiwan, AllianzGI Singapore, AllianzGI Korea, AllianzGI Investments Europe Paris, AllianzGI Investments Europe Milan and Allianz Netherlands Asset Management.

Joachim Faber, CEO of Allianz Global Investors

 
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