Allianz GI flags Korea plans, waits on China

In terms of business development in Asia, Allianz Global Investors has not progressed as far as certain peers with plans for China, but sees Korean clients and Asian family offices as major growth opportunities. Like other Western fund firms, it expects to boost the Asian proportion of its assets under management – currently around 10% of the global total of €316 billion ($421 billion), as of March 31. Korea, where the firm offers both local and international funds, is one area …