The European investment platform of Allianz Global Investors passed the €10bn mark in managed and advised assets that are invested in a 'sustainable and responsible' way.
As of 31 March 2011, these assets amounted to €10.5bn, which included €2.5bn invested in mutual funds. This is an increase of 54.5% compared to 31 December 2010 and by 114.2% compared to 31 March 2010.
This increase was due mainly to the expansion in the institutional client advisory business in France and elsewhere in Europe.
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.
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