Allianz Global Investors, the investment arm of the German insurer, saw assets under management soar by 19% €654bn ($815bn) in the six months to June 30 compared with the same period last year.
The investment division, which includes the subsidiaries Pimco, RCM and Nicholas-Applegate, posted net profits of €102m. Net inflows in the six months to June 30 were €33bn.