FYI: Allianz SE, the German insurer that owns investment firm Pacific Investment Management Co., saw outflows spike as clients fled volatile markets in the fourth quarter.
Investors pulled 31 billion euros ($35 billion) of funds in the final three months of the year, helping to drive third-party assets under management down by 51 billion euros. Net outflows at the combined units of Pimco and Allianz Global Investors compared with inflows of 15 billion euros in the third quarter.
Regards,
Ted
https://www.fa-mag.com/news/allianz-says-investors-pulled--35-billion-in-choppy-markets-43356.html?print
