Union Investment
The expert for institutional investors

As one of the most experienced German fund managers, Union Investment has acted as a professional asset management partner to institutional investors for decades. Efficient risk management is a particularly important component of all our investment processes.

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News

  • Union Investment’s business remains robust despite changing conditions

    Union Investment’s business remains robust despite changing conditions

    In a market environment shaped by the adverse influences of the war in Ukraine, high inflation and the lingering pandemic, Union Investment recorded robust inflows in the first half of 2022.

  • April 2022: Market news and expert views

    Market news and expert views: August 2022

    Economy, growth, inflation and monetary policy – the monthly report ‘Market news and expert views’ will keep you informed about the latest developments and our expert assessments. It will also give you a comprehensive review of and outlook for the relevant asset classes. (As at 2 August 2022)

  • Consumer sentiment dampened by inflation and the war in Ukraine

    Consumer sentiment dampened by inflation and the war in Ukraine

    The mood among consumers has become gloomier around the world. High levels of inflation are eroding purchasing power. In Europe, uncertainty about the reliability of Russian gas supplies is the biggest drag on economic growth. On the labour market front, the US is in better shape than Europe.

  • Moderately defensive positioning for the UIC

    Moderately defensive positioning for the UIC

    At its regular meeting in July, the Union Investment Committee (UIC) reaffirmed its moderately defensive risk positioning (RoRo meter at level 2). It did not make any changes to the model portfolio. The committee had already adopted a more cautious stance at the beginning of the month, moving the RoRo meter from level 3 to level 2, in view of companies’ weaker earnings and growing fears about a recession.

  • The gas tap has reopened – but for how long?

    The gas tap has reopened – but for how long?

    Following the suspension of supply for maintenance work on the Nord Stream 1 pipeline, operation has resumed at limited capacity. But the situation remains uncertain. A recession should be avoidable if Russia continues to supply gas at a steady rate, but not if it cuts off the supply entirely. The latter would have significant implications for various asset classes.

  • Seven things for fixed-income investors to bear in mind in these changing times

    Seven things for fixed-income investors to bear in mind in these changing times

    Until recently, the bond markets were dominated by inflation-related fears. This was reflected in falling bond prices, rising yields and widening spreads. But now, concerns about a potential recession are coming to the fore. Here are seven reasons why it may be worthwhile to hold on to your bond investments even in extremely challenging conditions.

  • Are value stocks making a comeback?

    Are value stocks making a comeback?

    The capital markets are under pressure: geopolitical tensions, high inflation, rising interest rates and concerns about economic growth are weighing on sentiment and widespread uncertainty about the outlook for the future is causing significant price volatility. Value stocks are coping comparatively well in this environment. Stefan Brugger, portfolio manager of the global value equities strategy, explains the logic behind this phenomenon.

  • Bumpy start for the reporting season

    Bumpy start for the reporting season

    The reporting season is gathering speed but has presented a mixed picture so far – some market expectations have been beaten but others have not. Given the high level of inflation and exchange rate fluctuations, the markets’ consensus estimates of profit for 2023 are still likely to be too optimistic as things stand.

  • Government bonds: Could a new debt spiral be starting to form?

    Government bonds: Could a new debt spiral be starting to form?

    The coronavirus crisis and the war in Ukraine have been putting a strain on the public finances of many countries. Most recently, the central banks’ monetary policy turnaround has been causing turmoil in the bond market. Many market participants are now concerned that Italy’s national debt could get out of control if the ECB raises interest rates. Are these worries about the sustainability of national debt levels justified? Is the eurozone heading for a repeat of the 2011 sovereign debt crisis?

  • Is greenflation becoming structural?

    Is greenflation becoming structural?

    The transition to a more climate-friendly world will contribute to rising inflation over the coming years. But ‘greenflation’ is just one factor behind rising prices – the impact is currently greater from ‘climateflation’ and, in particular, ‘fossilflation’. How will price pressure from greenflation, in particular, but also climateflation and fossilflation change over time? And what will be the implications for fiscal and monetary policy?

Our awards

A+ Rating by PRI

Union Investment given A+ rating by PRI

The United Nations Principles for Responsible Investment (PRI) initiative has awarded Union Investment its top mark of A+ in recognition of the company's overarching approach to responsible investment.

Sustainability strategy awarded has been the FNG Label

FNG Label 2022

Nine Union Investment funds received the FNG Label of approval for sustainable investment funds. Mutual funds that have been awarded the Sustainable Investment Forum (FNG) Label comply with the quality standard it has developed for sustainable investments in the German-speaking countries.