Allianz Global Investors, the global investment management business of the German insurer, saw net asset inflows fall sharply in the second quarter although they remained in positive territory.

Net inflows were €1.1bn ($1.4bn), down from €15.1bn in the same period last year. Allianz put the fall down to "difficult market conditions".

Renée Schultes

Allianz

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Allianz inflows drop more than 90%

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