Allianz Global
Investors’
Expertise in
European
Equities
(selected slides
from the pitchbook)
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Leading Global Asset Manager
under the Umbrella of a Solid Global Corporation
 Identifying solutions for its customers
since 1889
− Exploiting financial opportunities
− Managing / hedging risks
 Global leader in property, accident,
health and life insurance
 Extremely solid with an excellent
capital base:
− Very good credit ratings1:
S&P: AA; Moody’s: Aa3
− Solvency ratio2: 182%
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2
3
 Identifying solutions for successful
investment on the capital markets
since 1949
 Equities account for some 40% of the
AUM
 European equities sum up to 38 bn
EUR AUM3
 Recognized expert in equity analysis
(top five in Europe)
 In-depth insights into companies and
markets
 Holistic risk management
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.
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Milestones in Europe – Milestones of Our Equity Expertise
1949
Birth of the
Federal Republic of Germany
1950s and '60s
Birth of the EEC
Germany's economy soars
1970s
First expansion of the
EEC (GB, DK, IE)
Oil crises
1980s
Southern Europe joins (GR, PT,
ES), free movement of goods
within the EEA
1990s
German reunification, EU grows
to include SE, FI and AT
The euro is introduced
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)
Return to focus on
substance:
Value style
Allianz
Vermögensbildung
Deutschland (1970)
New sales markets, new
growth opportunities:
Growth style
Allianz Wachstum
Europa (1986)
Small / mid caps offer
more:
Allianz Nebenwerte
Deutschland (1996);
Allianz European Small
Cap Equity (1999)
European integration:
Industria (1959)
Exploiting opportunities in
Europe: Launch of special
European country funds
(1988)
Dynamic growth:
Eastern European
convergence
Allianz Emerging
Europe Equity (1997)
Since 2000
Expansion to include Eastern
Europe
Debt crisis in the periphery
Long-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)
Allianz Global Investors – Experts in European equities for over 60 years
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The 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 decades
 Knowing companies in detail – often since they first went
public:
Novo Nordisk
1974
Established in 1949
Vodafone
1988
− More than 3,000 contacts and visits to companies in Europe each
year
SAP
1988
− Of which some 1,000 meetings are with small and mid caps that
receive little or no attention from external analysts
 Identifying key changes in a company's surroundings early on
(competitors, laws, technology):
− 86 specialized analysts on three continents
L'Oréal
1964
 Assessing the prospects of companies and products in the
global market
− Internationally networked analysts with specialist sector
knowledge
− Reality checks by our own in-house GrassrootsSM Research1
(more than 300 external field researchers on all continents)
Richemont (Cartier)
1988
ENI
1995
Inditex (Zara)
2001
Tod's
2000
IPOs of selected companies
Identifying investment trends early on – Structuring portfolios accordingly
This 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.
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Specialized European Equity Teams with Access to a Global
Organization
Europe
175 investment
professionals
USA
111 investment
professionals
San Francisco
Global centres of investment competence
London
Paris
Asia
107 investment
professionals
Frankfurt
Dallas
New York
San Diego
Tokyo
Hong Kong
Singapore
Experienced
Specialised
Independent
Networked
Global
Fund managers with
many years of
experience in the
industry, globally
networked
Specialist teams for all
key strategies
The teams'
independence gives
them enormous
flexibility when making
investment decisions
Regular exchange of
information and ideas
with local experts
Local presence
embedded in a large
organization under the
umbrella of a global
corporation:
Source Allianz Global Investors: All figures as at 31/12/2013
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Closely Interlinked:
Fund Management and In-House Research
European Equity Management
Growth
Small / Mid Cap
Value
Direkt
Macro-economic and global
allocation research
Fundamental equity and
sector research
Dividend / Income
Up to date
Market Neutral
Transparent
GrassrootsSM Research
Conviction
Emerging Europe
Informed
Sustainability research
Quantitative research
In-house communications network ("Chatter"):
Direct exchange of information and analysis in real time
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Recognized Quality and Expertise in Europe
Morningstar ratings of selected equity funds1,2
Allianz Europe Equity Growth (A-EUR)
Allianz Euroland Equity Growth (A-EUR)
Awards in recognition of our expertise
Award for service quality in a company
Allianz Global Investors has been awarded the title
"Greenwich Quality Leader" in Germany for the third
consecutive time
Award for research
Allianz German Equity (AT-EUR)
Allianz Nebenwerte Deutschland (I-EUR)
Thomson Reuters Extel Survey 2013 – Allianz Global
Investors among the top five in Europe
Awards for our funds
Allianz Emerging Europe (I-EUR)
Allianz Global Investors has won 36 Euro Finanzen Fund
Awards for 24 funds spread over all asset classes
Allianz Actions Euro Convictions (C-EUR)
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2
Allianz European Equity Dividend (IT-EUR)
This 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 company
Allianz Europe Small Cap Equity (A-EUR)
Award for fund management
Allianz Vermögensbildung Europa (A-EUR)
Pan Europe Equity Fund of the Year: Allianz Europe
Equity Growth
Ratings as at: March 2014. Also awarded 5 stars: Allianz Wachstum Euroland (A-EUR). Also awarded 4 stars: Allianz Wachstum Europa (A-EUR), Concentra (A-EUR).
A ranking, rating or recognition is not an indicator of future developments and is subject to change over time.
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Invest in Performance Made in Europe
with Allianz Global Investors
65 years of competence
Optimal resources
Recognized expertise


Flexible, independent
teams for each strategy

12 flagship funds rated 4
or 5 stars by Morningstar

Experienced analysts
with sector knowledge
on 3 continents

Award-winning research

Award-winning service
quality

European equities have
been a core competence
since 1949
Close ties to European
companies for decades
+

+
Top-rate risk
management
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Disclaimer
Investing 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-60323 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.
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