Allianz Global Investors’ assets under management rose by 28 per cent to EUR1,178bn in 2009, driven by record inflows and strong market returns.
AllianzGI achieved record profitability in 2009 with operating profits of EUR1,362m compared to EUR904m in 2008.
The company has also reported strong investment performance with 81 per cent of assets outperforming on a three year basis.
Joachim Faber, chief executive of AllianzGI, says: “We have seen a revival in demand for active asset management, especially in fixed income, and we passionately believe that active management adds value, especially in what continues to be a challenging market environment. In 2010 we will continue to focus on what we do best, following our proven business model and long-term approach while continuing to invest for future, profitable growth.”