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 Union Investment headquarters in Frankfurt am Main. | |
| Union Investment | |
| Company type | Subsidiary |
| Industry | Investment management |
| Founded | 26 January 1956; 70 years ago (1956-01-26) |
| Headquarters | , Germany |
Key people | Hans Joachim Reinke (CEO) |
| AUM | €511.2billion (30 June 2025)[1] |
Number of employees | 3,200[2] |
| Parent | DZ Bank |
| Website | www |
Union Asset Management Holding AG (German pronunciation:[uˌni̯oːnɪnˈvɛstmɛnt]ⓘ) is theinvestment arm of theDZ Bank Group and part of the cooperative financial services network. It was founded in 1956 and is headquartered inFrankfurt.
Trading inopen-end funds occurs in part through the 1,101credit unions in Germany (Volksbanken Raiffeisenbanken Co-operative, including Sparda-Banks, PSD-banks, etc.)[3] and in part through the external services ofBausparkasse Schwäbisch Hall AG, DZ Bank Group'sbuilding society.
The primary shareholders in Union Investment are DZ Bank with 54.44% andWGZ Bank (the central bank of the credit unions in theRhineland andWestphalia) with 17.72%.[4] Other shareholders includeBBBank and the credit unions through their membership associations.
As of 30 June 2025[update], Union Investment has self-declaredassets under management of approximately 511.2billioneuro.[5]
Union Asset Management Holding AG has 15subsidiaries,[6] including:
The Union-Investment-Gesellschaft mbH was the third German investment association to be founded, on 26 January 1956, by 14 credit unions. The UniFondsstock fund was created the same year as its first open-end fund. The first offering of investment vehicles outside Germany was in 1961, in Belgium.
Co op Immobilienfonds Verwaltung AG was founded in Hamburg in 1965 and in 1980 renamed Deutsche Immobilien Fonds AG or DIFA. The initial stockholders were the Central Institute ofConsumer Cooperatives and theBank für Gemeinwirtschaft. In 1966 DIFA launched an open-end property fund, Co op Immobilienfonds, later renamed DIFA-Fonds Nr. 1 (DIFA Fund No. 1). Starting on 15 January 2007, DIFA did business under the name Union Investment Real EstateAG; in 2009 it was converted to a GmbH.[7]
Since 1967, Union Investment has offered management of investment accounts. In 1968, it offered its first retirement fund, UniRenta. In 1969, it reached a fund capitalization of 1 billionDM.[8]
Union Investment LuxembourgS.A. was founded in 1988. The total capitalization of the group was now 10 billion DM.
In April 1994 Union Investment began offering stock-based wealth management with three strategic variants: chance, growth and security. In 1996 it introduced stock-basedlife insurance under the name Opti Plan.
Theholding company Union-Fonds-Holding AG was founded in 1999 and changed its name in July 2002 to Union Asset Management Holding AG.
In March 2013 Union Investment became the first investment association to be awarded five stars eleven times in a row in theinvestment funds guide of the German business magazineCapital.[9]
