Allianz Investment Management

What Allianz Investment Management does

Allianz Investment Management LLC (AllianzIM) is a registered investment adviser and the issuer of a suite of defined outcome exchange-traded funds, headquartered in Minneapolis, Minnesota. The firm is a wholly owned subsidiary of Allianz Life Insurance Company of North America, which sits within the broader Allianz Group, providing a captive distribution relationship and parent-affiliated asset base. AllianzIM's product set comprises five core ETF structures: Buffered ETFs, Uncapped Buffered ETFs, Buffer Allocation ETFs (multi-strategy wrappers), the Buffer100 ETF (full principal protection), and Floor ETFs, each built around an annual outcome period with reset mechanics.

The firm's core technology is a proprietary in-house hedging platform used across Allianz affiliates to support buffered ETF strategies and downside protection overlays. This platform underpins $18.1 billion in ETF AUM as of 12/31/2025 and supports $165.8 billion in hedged assets globally across affiliates. Recent product launches (JANI in February 2026 and JULI in July 2026) extend the buffered framework to international equity exposure via the iShares MSCI EAFE ETF.

AllianzIM generates revenue through recurring management fees on its ETF AUM and investment advisory services, with fees structured as subscription-style recurring revenue tied to assets under management. Distribution occurs primarily through investment professionals supported by dedicated ETF specialists, plus online brokerage platforms for self-directed investors. The company does not publicly disclose pricing or revenue figures.

Name

Allianz Investment Management

Legal name

Allianz Investment Management LLC

Website

https://allianzim.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Allianz Investment Management LLC (AllianzIM) is a Minneapolis-based registered investment adviser and wholly owned subsidiary of Allianz Life that issues defined outcome ETFs, including buffered, uncapped buffered, buffer allocation, floor, and 100% protection strategies, managing $18.1 billion in ETF AUM via a proprietary hedging platform.

Ownership category

akta.pro rank

Product category

Defined Outcome ETF Asset Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Managed Accounts & Unified Managed Accounts (UMAs) — Multi-Asset (FSAAAJAE)

Keywords

• Defined outcome ETFs
• Buffered ETFs
• Investment management
• Risk managed investing
• Downside protection funds

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. ETF Management Fees: AllianzIM operates as a registered investment adviser and adviser to AllianzIM ETFs, generating revenue through management fees on its ETF products including Buffered ETFs, Uncapped Buffered ETFs, Buffer Allocation ETFs, Floor ETFs, and Buffer100 ETFs.
2. Investment Advisory Services: Provides investment management services to institutional and retail investors, managing assets across its proprietary platform with fees based on assets under management.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Allianz Investment Management LLC (AllianzIM) is a registered investment adviser that develops and manages a suite of defined outcome ETFs providing equity market exposure with built-in downside protection. Its product lineup includes Buffered ETFs, Uncapped Buffered ETFs, Buffer Allocation ETFs, Buffer100 ETFs, and Floor ETFs, all executed through its proprietary in-house hedging platform. The firm manages $18.1 billion in ETF assets and supports more than $165.8 billion in hedged assets globally through affiliated entities.

Product overview

Allianz Investment Management offers a unified platform of defined outcome ETFs designed to provide equity market exposure with built-in levels of downside protection. The product suite comprises five distinct ETF types: Buffered ETFs (annual-reset funds offering 15% downside buffers), Uncapped Buffered ETFs (buffers with uncapped upside after a defined spread), Buffer Allocation ETFs (multi-fund wrappers combining the full lineup into single tickers), Buffer100 ETF (100% principal protection), and Floor ETFs (capped upside with defined floor protection). All products leverage the firm's proprietary in-house hedging platform, which supports over $165.8 billion in assets globally. The portfolio collectively manages $18.1 billion in AUM.

Differentiator

Problem solved

Functional benefit

Brands

• AllianzIM ETFs: Suite of defined outcome ETFs including Buffered ETFs, Uncapped Buffered ETFs, Buffer Allocation ETFs, Buffer100 ETF, and Floor ETFs designed to provide equity market exposure with downside protection.

Products and services

• Buffered ETFs

Quantifiable outcome

• 15% downside buffer with uncapped upside potential on international equity products
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Innovator Capital Management: Pioneer and largest issuer of defined outcome ETFs (Buffer ETFs, Accelerated ETFs, Floor ETFs, and Stacked ETFs). Directly competes with AllianzIM in the same buffered/structured outcome category across US equities and is the de facto benchmark for AllianzIM's product suite.
• First Trust: Issues a defined outcome ETF suite (Target Outcome ETFs with buffered and floor structures) and is a multi-category ETF sponsor with strong advisor distribution. Closely comparable to AllianzIM in product structure, advisor-channel focus, and category breadth.
• Pacific Asset Enhanced (Pacer/ Pacific Asset Management): Manages the well-known structured outcome ETF family (e.g., PJUL, PAUG, PNOV, PDEC). Direct competitor offering buffered exposure with capped upside — overlapping with AllianzIM's buffered and floor products on similar underlying indexes.
• Simplify: An ETF issuer with a defined outcome / structured product orientation (e.g., Simplify Defined Risk ETFs). Comparable as an emerging sponsor pushing non-traditional risk-management wrappers into the advisor channel, similar to AllianzIM's positioning.
• Calamos Investments: Offers a defined outcome ETF suite (Calamos Structured ETFs with buffer, growth, and market neutral variants) and has strong advisor relationships. Directly comparable to AllianzIM as a structured-outcome specialist with multi-format products.
• Nationwide (Nationwide Fund Distributors): Nationwide sponsors defined outcome ETFs (e.g., Nationwide Risk-Managed Income ETF and buffered ETFs). Comparable as a financial-services parent-backed issuer competing in the buffered/defined outcome category, similar in parent-affiliation logic to AllianzIM.

Emerging players

• Alpha Architect: Quantitative asset manager running factor and rules-based ETFs, including custom tax-loss and outcome-oriented strategies. Adjacent rather than identical, but a comparable advisor-distributed, rules-driven ETF shop competing for the same risk-aware advisor mindshare.

Broad incumbents

• BlackRock (iShares): World's largest ETF sponsor. Both an indirect dependency (AllianzIM's international buffer ETFs use the iShares MSCI EAFE ETF as the underlying) and a broad incumbent whose potential entry into defined outcome ETFs at scale is the principal competitive threat to AllianzIM's category.
• Vanguard: Largest direct competitor in the broader US ETF ecosystem and a long-standing player in low-cost multi-asset investing. Comparable as a broad incumbent in advisor and self-directed channels; while it does not yet have a focused defined outcome suite, its scale and fee discipline set the floor on competitive pricing.
• Invesco: Global asset manager with a sizable ETF business (Invesco QQQ) and a suite of structured and outcome-oriented products (e.g., Invesco S&P 500 Downside Hedged ETF). Comparable as a broad incumbent with overlapping structured outcome ambitions and deep advisor distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Allianz
• Facebookfacebook.com/allianz
• LinkedInlinkedin.com/company/allianz-investment-management

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Allianz Investment Management