GLOBAL - Allianz Global Investors (AllianzGI) has grown assets under management to e942bn in 2005, as 89% of its assets outperformed their benchmark over a three-year period.
AllianzGI’s net inflows into third party funds more than doubled to e65bn compared to e29bn the year before.
Looking at the specific markets, AllianzGI value-style equity boutique in the US, NFJ, doubled its assets in 2005 to US$20bn.
In Asia, AllianzGI achieved an average growth rate of 26% between 2002 and 2005, while assets under management reached e63bn in 2005.
CEO Joachim Faber claimed 2005 was a “benchmark year” for the company, and added: “In 2005, 89% of AllianzGI’s assets outperformed their benchmark over a three-year period. As a consequence, AllianzGI was able to grow its third-party assets by 28.5% in 2005.”
Net inflows contributed 12%, while capital markets and outperformance contributed 16.5%. By Damian Clarkson
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