Profits exceed 2019 levels across Allianz asset management business
Dented by strengthening euro
Total AUM across the business remains stable
Profits at Allianz SE's asset management business have outstripped 2019 levels, despite this year’s uncertainty, with nine-month profits up 2.2% on the previous year.
Operating profits across Allianz Global Investors and PIMCO grew to €2bn for the first nine months of the year, although quarterly profits were down slightly on the previous year at €677m compared to 2019's...
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