Active is: Allianz Global Investors
Proxy voting record highlights AllianzGI’s commitment to being an active, engaged investor
Summary
Allianz Global Investors has today published analysis of how it voted on nearly 100,000 shareholder and management proposals in 2019.
Key takeaways
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AllianzGI takes its role as a steward of client assets very seriously, believing that active, responsible ownership can effect positive change at the company level. As well as engaging actively with the businesses it owns, AllianzGI fulfils its fiduciary responsibilities to its clients by exercising voting rights on behalf of them during shareholder meetings. This allows us to have a say on some of the most important issues affecting wider society and the companies we are invested in, including compensation, director related issues, climate change and appointment of external auditors.
AllianzGI’s voting decisions are informed by in-depth research and analysis and discussions with the companies we invest in. AllianzGI is committed to offering its clients full transparency of our proxy voting activities. We publish our detailed Global Corporate Governance Guidelines and Stewardship Statement, and provide real time disclosure of all votes cast, including commentary on votes against management and abstentions., on our website.
During 2019, AllianzGI participated in 9,532 (2018: 8,535) shareholder meetings and voted against, withheld or abstained from at least one agenda item at 77% (2018: 75%) of all meetings globally. It opposed 24% (2018: 24%) of all resolutions globally. These figures reflect AllianzGI’s highly active and globally consistent approach to stewardship and a willingness to vote against proposals that do not meet its expectations of investee companies as well as fulfilling its duty to act in the interests of clients by considering each proposal on merit.
Proxy voting
Source: AllianzGI proxy voting data.
As an active, engaged investor, sustainability is at the heart of AllianzGI’s investment proposition. AllianzGI believes that sustainable investing can generate positive performance not just for our clients, but for the community at large.
With 20 years of sustainable investing experience, AllianzGI has itself been carbon neutral since 2012 and is part of Allianz SE, a sustainability leader.
To read the press release, including more detail on AllianzGI’s proxy voting record, click here.
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While the world battles the coronavirus pandemic, China has already made strides towards mitigating the virus’s effect on its people and economy. Although the country is not yet out of danger, we expect China’s economy to recover in the second half of this year – which could be another positive signal for China’s domestically driven A-share market.
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Investing involves risk. The value of an investment and the income from it will fluctuate and investors may not get back the principal invested. Past performance is not indicative of future performance. This is a marketing communication. It is for informational purposes only. This document does not constitute investment advice or a recommendation to buy, sell or hold any security and shall not be deemed an offer to sell or a solicitation of an offer to buy any security. The views and opinions expressed herein, which are subject to change without notice, are those of the issuer or its affiliated companies at the time of publication. Certain data used are derived from various sources believed to be reliable, but the accuracy or completeness of the data is not guaranteed and no liability is assumed for any direct or consequential losses arising from their use. The duplication, publication, extraction or transmission of the contents, irrespective of the form, is not permitted.
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This document is being distributed by the following Allianz Global Investors companies: Allianz Global Investors GmbH, an investment company in Germany, authorized by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Allianz Global Investors (Schweiz) AG; in HK, by Allianz Global Investors Asia Pacific Ltd., licensed by the Hong Kong Securities and Futures Commission; in Singapore, by Allianz Global Investors Singapore Ltd., regulated by the Monetary Authority of Singapore [Company Registration No. 199907169Z]; in Japan, by Allianz Global Investors Japan Co., Ltd., registered in Japan as a Financial Instruments Business Operator [Registered No. The Director of Kanto Local Finance Bureau (Financial Instruments Business Operator), No. 424], Member of Japan Investment Advisers Association, the Investment Trust Association, Japan and Type II Financial Instruments Firms Association; in Taiwan, by Allianz Global Investors Taiwan Ltd., licensed by Financial Supervisory Commission in Taiwan; and in Indonesia, by PT. Allianz Global Investors Asset Management Indonesia licensed by Indonesia Financial Services Authority (OJK).