Allianz CEO Baete Says Pimco Inflows Continuing ‘Strongly’
- Insurer ‘very, very happy’ with performance at Pimco
- Investors returning to active management amid uncertainty
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Allianz SE’s Oliver Baete said inflows at the insurer’s bond firm Pacific Investment Management Co. are continuing at a rapid pace as investors flock to active management.
Pimco had, as of mid-year, almost “50 billion in net inflows, and that has continued strongly in July and August,” Baete, the insurer’s chief executive officer, said in an interview from Berlin. “We’re very, very happy about the strong flows that are happening and they will continue.”