Union Investment

Union Asset Management Holding AG (German pronunciation: [uˌni̯oːn ɪnˈvɛstmɛnt] ^ⓘ) is the investment arm of the DZ Bank Group and part of the cooperative financial services network. It was founded in 1956 and is headquartered in Frankfurt.

Trading in open-end funds occurs in part through the 1,101 credit unions in Germany (Volksbanken Raiffeisenbanken Co-operative, including Sparda-Banks, PSD-banks, etc.) and in part through the external services of Bausparkasse Schwäbisch Hall AG, DZ Bank Group's building society.

The primary shareholders in Union Investment are DZ Bank with 54.44% and WGZ Bank (the central bank of the credit unions in the Rhineland and Westphalia) with 17.72%. Other shareholders include BBBank and the credit unions through their membership associations.

As of 31 December 2019, Union Investment has self-declared assets under management of approximately 368.2 billion euro.