Union Investment, headquartered in Frankfurt am Main, is a leading asset manager in Germany and has reached a position within the Top 15 asset managers in Europe since its inception in 1956. We are the centre of competence for asset management within the German cooperative financial group. Our stable ownership structure, with our main stakeholder DZ BANK AG, allows us to focus on long-term client relationships, which are characterised by mutual trust and transparency. We are an active asset manager and understand fundamental analysis as the basis of successful portfolio management. Our aim is to identify, meet and ideally exceed the needs of our institutional clients. As of 31 March 2017 our assets under management were at EUR 304 billion whereof EUR 176 billion were contributed by our institutional business.