Presentation on theme: "Allianz Global Investors’ Expertise in European Equities"— Presentation transcript:
1Allianz Global Investors’ Expertise in European Equities (selected slides from the pitchbook)
2Leading Global Asset Manager under the Umbrella of a Solid Global Corporation Identifying solutions for its customers since 1889Exploiting financial opportunitiesManaging / hedging risksGlobal leader in property, accident, health and life insuranceExtremely solid with an excellent capital base:Very good credit ratings1: S&P: AA; Moody’s: Aa3Solvency ratio2: 182%Identifying solutions for successful investment on the capital markets since 1949Equities account for some 40% of the AUMEuropean equities sum up to 38 bn EUR AUM3Recognized expert in equity analysis (top five in Europe)In-depth insights into companies and marketsHolistic risk management1 S&P's rating of insurers' financial strength: AA, stable outlook, as at: 04/11/2013. Moody’s: Aa3, stable outlook, as at: 07/03/2014.The solvency ratio measures an institution's liable capital relative to its weighted risk assets and off-balance sheet business (contingent liabilities), weighted by the degree of credit risk. As at: 31/12/2013.Source: Allianz Global Investors; European Equity AUM (incl. Systematic Eq und Customized Balanced) as at end of December 2013.
3Milestones in Europe – Milestones of Our Equity Expertise 1949Birth of the Federal Republic of Germany1950s and '60sBirth of the EECGermany's economy soars1970sFirst expansion of the EEC (GB, DK, IE)Oil crises1980sSouthern Europe joins (GR, PT, ES), free movement of goods within the EEA1990sGerman reunification, EU grows to include SE, FI and ATThe euro is introducedSince 2000Expansion to include Eastern EuropeDebt crisis in the peripheryLong-term conviction: Conviction Strategy (2000)Regular income with dividends: Allianz European Equity Dividend (2009)Interesting alternative for any market phase: Allianz Discovery Europe Strategy (2010) and Allianz Discovery Germany Strategy (2011)Establishment of Allianz Global Investors / Adig as Germany's first investment company (1949)Benefiting from the German economic miracle: Fondak (first German equity fund, 1950); Concentra (1956)European integration: Industria (1959)Return to focus on substance: Value style Allianz Vermögensbildung Deutschland (1970)New sales markets, new growth opportunities: Growth style Allianz Wachstum Europa (1986)Exploiting opportunities in Europe: Launch of special European country funds (1988)Small / mid caps offer more: Allianz Nebenwerte Deutschland (1996); Allianz European Small Cap Equity (1999)Dynamic growth: Eastern European convergence Allianz Emerging Europe Equity (1997)Allianz Global Investors – Experts in European equities for over 60 years
4The Key to Our Equity Expertise in Europe – Understanding Companies and Trends Recognized research expertise independently confirmed (top five in Europe)Allianz Global Investors has been analysing European companies for decadesNovo Nordisk 1974Knowing companies in detail – often since they first went public:More than 3,000 contacts and visits to companies in Europe each yearOf which some 1,000 meetings are with small and mid caps that receive little or no attention from external analystsIdentifying key changes in a company's surroundings early on (competitors, laws, technology):86 specialized analysts on three continentsAssessing the prospects of companies and products in the global marketInternationally networked analysts with specialist sector knowledgeReality checks by our own in-house GrassrootsSM Research1 (more than 300 external field researchers on all continents)Established in 1949Vodafone 1988SAP 1988L'Oréal 1964Richemont (Cartier) 1988ENI 1995Inditex (Zara) 2001Tod's 2000IPOs of selected companiesIdentifying investment trends early on – Structuring portfolios accordinglyThis does not constitute a recommendation or solicitation to buy or sell any particular security. 1 GrassrootsSM Research is a division within the Allianz Global Investors group of companies that conducts investigative research for asset management professionals. Research data used to generate GrassrootsSM Research reports are received from reporters and field researchers who work as independent, third party research providers, supplying research that is paid for by commissions generated by trades executed on behalf of clients.4
5Specialized European Equity Teams with Access to a Global Organization Europe 175 investment professionalsGlobal centres of investment competenceUSA 111 investment professionalsLondonAsia investment professionalsFrankfurtParisSan FranciscoDallasNew YorkSan DiegoTokyoHong KongSingaporeExperiencedFund managers with many years of experience in the industry, globally networkedSpecialisedSpecialist teams for all key strategiesIndependentThe teams' independence gives them enormous flexibility when making investment decisionsNetworkedRegular exchange of information and ideas with local expertsGlobalLocal presence embedded in a large organization under the umbrella of a global corporation:Source Allianz Global Investors: All figures as at 31/12/2013
6Closely Interlinked: Fund Management and In-House Research European Equity ManagementGrowthSmall / Mid CapValueDividend / IncomeMarket NeutralConvictionEmerging EuropeDirektUp to dateTransparentInformedMacro-economic and global allocation researchFundamental equity and sector researchGrassrootsSM ResearchSustainability researchQuantitative researchIn-house communications network ("Chatter"): Direct exchange of information and analysis in real time
7Recognized Quality and Expertise in Europe Morningstar ratings of selected equity funds1,2Awards in recognition of our expertiseAllianz Europe Equity Growth (A-EUR)Allianz Euroland Equity Growth (A-EUR)Allianz German Equity (AT-EUR)Allianz Nebenwerte Deutschland (I-EUR)Allianz Emerging Europe (I-EUR)Allianz Actions Euro Convictions (C-EUR)Allianz European Equity Dividend (IT-EUR)Allianz Europe Small Cap Equity (A-EUR)Allianz Vermögensbildung Europa (A-EUR)Award for service quality in a companyAllianz Global Investors has been awarded the title "Greenwich Quality Leader" in Germany for the third consecutive timeAward for researchThomson Reuters Extel Survey 2013 – Allianz Global Investors among the top five in EuropeAwards for our fundsAllianz Global Investors has won 36 Euro Finanzen Fund Awards for 24 funds spread over all asset classesThis year, 11 funds have received a total of 17 awards in various asset classes in Germany: yet again, the best result achieved by any German-based fund companyAward for fund managementPan Europe Equity Fund of the Year: Allianz Europe Equity Growth1 Ratings as at: March Also awarded 5 stars: Allianz Wachstum Euroland (A-EUR). Also awarded 4 stars: Allianz Wachstum Europa (A-EUR), Concentra (A-EUR).2 A ranking, rating or recognition is not an indicator of future developments and is subject to change over time.
8Invest in Performance Made in Europe with Allianz Global Investors 65 years of competenceOptimal resourcesRecognized expertiseEuropean equities have been a core competence since 1949Close ties to European companies for decadesFlexible, independent teams for each strategyExperienced analysts with sector knowledge on 3 continentsTop-rate risk management12 flagship funds rated 4 or 5 stars by MorningstarAward-winning researchAward-winning service quality++
9DisclaimerInvesting involves risk. The value of an investment and the income from it may fall as well as rise and investors may not get back the full amount invested.The volatility of fund unit prices may be increased or even strongly increased. Past performance is not a reliable indicator of future results. If the currency in which the past performance is displayed differs from the currency of the country in which the investor resides, then the investor should be aware that due to the exchange rate fluctuations the performance shown may be higher or lower if converted into the investor’s local currency.This is for information only and not to be construed as a solicitation or an invitation to make an offer, to conclude a contract, or to buy or sell any securities. The products or securities described herein may not be available for sale in all jurisdictions or to certain categories of investors. This is for distribution only as permitted by applicable law and in particular not available to residents and/or nationals of the USA. The investment opportunities described herein do not take into account the specific investment objectives, financial situation, knowledge, experience or particular needs of any particular person and are not guaranteed. The views and opinions expressed herein, which are subject to change without notice, are those of the issuer and/or its affiliated companies at the time of publication. The data used is derived from various sources, and assumed to be correct and reliable, but it has not been independently verified; its accuracy or completeness is not guaranteed and no liability is assumed for any direct or consequential losses arising from its use, unless caused by gross negligence or willful misconduct. The conditions of any underlying offer or contract that may have been, or will be, made or concluded, shall prevail.Contact the issuer electronically or via mail at the address indicated below for a free copy of the sales prospectus, the incorporation documents, the latest annual and semi-annual financial reports and the key investor information document in English. Please read these documents - which are solely binding - carefully before investing.This is a marketing communication. Issued by Allianz Global Investors Europe GmbH (www.allianzgi-regulatory.eu), an investment company with limited liability incorporated under the laws of Germany with its registered office at Bockenheimer Landstraße 42–44, D Frankfurt/Main, authorized by Bundesanstalt für Finanzdienstleistungsaufsicht (www.bafin.de). The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted.