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Allianz SE Add to portfolio

DAXX:ALV, Jun 06, 07:40 UTC

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Thursday, June 04


News

Allianz Real Estate sees Asian assets rising to 10-15% of global AUM

ALV

Allianz Real Estate sees Asian assets rising to 10-15% of global AUM. SINGAPORE (Reuters) - Allianz Real Estate sees an opportunity to expand its asset allocation in Asia to 10-15% in the medium term, the investment manager's regional head said after it agreed to buy a A$648 million ($447 million) Australian logistics portfolio with a joint venture. "We still believe in the long-term potential of the region. The important thing is how do you navigate through the next 24-36 months and the investment that we make has to be able to reflect that," the company's Asia Pacific CEO Rushabh Desai told Reuters on Thursday. Allianz Real Estate had 5.5 billion euros of assets under management in Asia Pacific as of end-2019, or about 7.5% of its global total.

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Tuesday, June 02


News

VGP NV: Allianz and VGP announce new logistics joint venture for the development of VGP Park Munich

ALV

Logistics as an asset class remains a key focus for Allianz Real Estate, having grown our global exposure in the sector to more than EUR 6.6bn AUM.”. The operational management of investments and assets is performed out of 21 offices in key gateway cities across 5 regions (West Europe, North & Central Europe, Switzerland, USA and Asia Pacific). As at 31 December 2019, Allianz Real Estate held 73.6 billion euros assets under management. For more information, please visit: http://www.allianz-realestate.com. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Founded in 1998 as a family-owned real estate developer in the Czech Republic, VGP with a staff of circa 220 employees today owns and operates assets in 12 European countries directly and through VGP European Logistics and VGP European Logistics 2, both joint ventures with Allianz Real Estate. As of December 2019, the Gross Asset Value of VGP, including the joint ventures at 100%, amounted to €2.77 billion and the company had a Net Asset Value (EPRA NAV) of €741 million.

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Monday, June 01


News

PIMCO Energy and Tactical Credit Opportunities Fund Declares Quarterly Common Share Distributions

ALV

June 01, 2020 16:47 ET | Source:PIMCO Account Management. NEW YORK, June 01, 2020 (GLOBE NEWSWIRE) -- The Board of Trustees of PIMCO Energy and Tactical Credit Opportunities Fund (the “Fund”) (NYSE: NRGX) has declared its next two quarterly distributions as summarized below. The second quarterly distribution (following the June Distribution) is payable on October 1, 2020 to shareholders of record on September 11, 2020, with an ex-dividend date of September 10, 2020 (the “September Distribution”). The Fund’s distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with “yield” or “income.” A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. If the Fund estimates that a portion of its distribution may be comprised of amounts from sources other than net investment income in accordance with its policies and accounting practices, the Fund will notify shareholders of the estimated composition of such distribution through a separate written Section 19 Notice.

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News

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

ALV

The distributions are payable on July 1, 2020 to shareholders of record on June 11, 2020, with an ex-dividend date of June 10, 2020. A Fund’s distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with “yield” or “income.” A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. If a Fund estimates that a portion of its distribution may be comprised of amounts from sources other than net investment income in accordance with its policies and accounting practices, such Fund will notify shareholders of the estimated composition of such distribution through a separate written Section 19 Notice. It is important to note that differences exist between a Fund’s daily internal accounting records and practices, a Fund’s financial statements presented in accordance with U.S. GAAP, and recordkeeping practices under income tax regulations. Updated portfolio holdings information about a Fund will be available approximately 15 calendar days after such Fund’s most recent fiscal quarter end, and will remain accessible until such Fund files a Form N-PORT or a shareholder report for the period which includes the date of the information.

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Thursday, May 28


News

EU recovery fund plan not a game changer - PIMCO

ALV

LONDON/BENGALURU (Reuters) - The European Union's 750 billion euro recovery fund plan is not a game changer as the level of debt alleviation for the likes of Italy are likely to be marginal, a PIMCO lead sovereign credit research analyst said on Thursday. "It was a step in the right direction, which could allow peripherals to inject more stimulus into their economies from 2021," Nicola Mai, a member of PIMCO's European portfolio committee, told the Reuters Global Markets Forum, referring to the EU plan released on Wednesday. PIMCO, one of the world's largest investment firms, is positioned cautiously on euro zone peripheral bonds, seeing decent value at current levels, said Mai, who added that he was watching to see if or how much the EU's recovery plan is watered down. Mai added that the European Central Bank's role as lender of last resort for sovereigns remains key and expects the bank to expand its bond purchases next week, possibly by around 500 billion euros.

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Wednesday, May 20


News

PIMCO Global Income Opportunities Fund Announces Monthly Distribution

ALV

Not for distribution to United States newswire services or for dissemination in the United States. TORONTO, May 20, 2020 (GLOBE NEWSWIRE) -- PIMCO Global Income Opportunities Fund (the “Fund”) (PGI-UN.TO) is pleased to announce today that it has declared a monthly distribution on its Class A Units (the “Units”). Unitholders are reminded that the Fund offers a distribution reinvestment plan (“DRIP”) which will provide unitholders with the ability to automatically reinvest their distributions. The Manager, PIMCO Canada Corp. (“PIMCO Canada”), retains Pacific Investment Management Company, LLC, (“PIMCO”), to provide investment management services to the Fund.

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Monday, May 18


News

BlackRock Joins Allianz in Saying ESG Outperformed

DIS ALV +1 more DIS ALV BLK

(Bloomberg) — BlackRock Inc. added its contribution to a growing body of research showing that ESG portfolios — those that consider environmental, social and governance issues alongside regular financial considerations — outperformed traditional market benchmarks in the recent market downturn. The New York-based firm, which oversees about $6.5 trillion of assets, said in a research note Monday that 88% of sustainable indexes did better than their non-sustainable counterparts in the first four months of 2020. That comes after those same 32 indexes, which BlackRock says are widely used and represent the global market, notched superior performance to their traditional counterparts during declines in 2015-2016 and 2018. The rapid growth of ESG funds over the past five years –more than $30 trillion of assets are now managed using a broad definition of the approach — coincided with a period of market calm, causing some to question the resiliency of the strategies and convictions of their managers during a downturn. Asset managers that have established ESG divisions, including Allianz Global Investors and Invesco, have been keen to demonstrate how well sustainable portfolios are weathering the storm.

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Saturday, May 16


News

LBC Media Announces Allianz Holdings Will Introduce Eros Now to Bangladesh Market

ALV

LBC Media Announces Allianz Holdings Will Introduce Eros Now to Bangladesh Market. New York, New York--(Newsfile Corp. - May 16, 2020) - ​​​​​​​Eros Now, the cutting-edge digital over-the-top (OTT) South Asian entertainment platform, a Global Indian Entertainment Company, today announced its association with Allianz FMCG Holdings Limited, a holding company & investment house with a significant presence in the Middle East, Africa, Asia and North America.​. The content catalog of Eros Now comprises of 12000+ movie titles, original shows, music videos, international shows, short-format content category Quickie, to name a few. As a distribution partner, Allianz Holdings will expand Eros Now's reach and business by entrusting the online streaming platform to telecom, internet providers, OEMs including set-top boxes and TV sets, as well as promote the brand in the country through marketing tie-ups. Rishika Lulla Singh, Chairman of Eros Digital, said, "Strategic market expansion has further strengthened the growth of Eros Now. The association with Allianz Holdings will enable us to offer our wide-ranging Indian entertainment content, especially popular Bengali movies, to the consumer base in Bangladesh." Dr. Sakib M Rahman, CEO, Allianz Holdings Ltd. adds, "Allianz Holdings has over the years, earned the reputation of rapidly developing strategic business environments with a strong understanding of local culture.

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Tuesday, May 12


News

Pimco Is Managing to Do More With Less

ALV

(Bloomberg Opinion) -- The year started well for Pacific Investment Management Co., the fixed-income asset manager owned by German insurer Allianz SE. After pulling in 83 billion euros ($90 billion) of fresh cash from investors in 2019, the firm continued to attract new money in January and February. Beneath the headline decline in assets under management — Pimco’s worst drop in the five years since the surprise departure of bond maestro Bill Gross, as noted by my Bloomberg News colleagues — the firm’s recovery continues apace. In the current beleaguered environment, the one variable that asset managers are able to control is their costs. As Pimco’s overall revenue grew by 18.4% in the year, to more than 1.3 billion euros, the firm was able to shave almost a percentage point from its cost-to-income ratio, extending a trend of parsimony that’s been in place for at least the past five years.

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News

Worst Pimco Outflows Since Gross Exit Add to Allianz Misery

ALV

(Bloomberg) -- Pacific Investment Management Co., the bond giant owned by German insurer Allianz SE, saw its worst outflows in five years when the onset of the coronavirus pandemic sent retail clients fleeing. That’s the most since the first quarter of 2015, when clients withdrew 68.3 billion euros in the wake of co-founder Bill Gross’s surprise departure. The outflows, in a business Allianz counts on as a source of diversification and stability, add to a multitude of hits the insurer is already facing from the pandemic. BlackRock Inc., the world’s largest asset manager, saw net outflows from its long-term investment products for the first time in five years during the quarter, with $19 billion pulled, led by fixed income funds.

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