Munich Financial Center: Top in Finance! - Invest in Bavaria

Munich Financial Center Initiative
Asset Management: Value and Innovations
In 1949, ADIG launched the first German
fund company ever in the Bavarian state
capital. Today, asset management compa-
nies held by Munich companies manage
about 1,500 billion euros, one of the highest
values worldwide.
Among other factors, the high level is attri-
butable to the innovative skills of Bavarian
asset management companies. They have
been successful in rapidly recognizing and
creating trends, and in developing new pro-
ducts as needed that set the standards.
Accordingly, the first open real estate fund
and the first money market funds, for ex-
ample, originated in Munich. And more
recently, Munich companies helped ex-
change traded funds and total return bond
funds break through in Germany. In additi-
on, the industry is very actively pushing the
introduction of REITs (Real Estate Invest-
ment Trusts).
The high quality of the assets managers
working in the Munich financial center is
shown, among other things, in the fact that
many of the funds managed by Bavarian
companies distinguish themselves in the
pertinent performance ratings. As a result,
they are trusted by private and institutional
investors from unrelated sectors and even
finance companies.
The financial center also has major importance
for closed funds – some of Germany‘s
largest initiators of this industry are at
home here.
Munich’s Innovations in Asset Management
First German investment company
First mutual fund in Germany
First German investment fund
First German money market fund
First exchange traded funds on the DAX
Pioneer in total return bond funds
12 13