➤ Allianz Global Investors Cookie Policy

➤ Privacy Notice for Newsletter Subscription

Data Protection Policy

Last updated: 12/2019

As a data controller, Allianz Global Investors GmbH (“Allianz Global Investors” or “we”, Bockenheimer Landstr. 42-44, 60323 Frankfurt, Germany) would like to thank you for visiting our website (“website”) and for your interest in our services and products.

Your privacy is important to us and we want you to feel comfortable when visiting our site. We take steps to ensure that your personal data, (i.e. any items of information concerning the personal or material circumstances of an identified or identifiable natural person) collected, processed and used in connection with your visit to our website will be protected. Unless you have received a personal email from us we permit the anonymous use of the website, or the use of the site under a pseudonym as far as technically possible and reasonable.

This Data Protection Policy may be updated from time to time. We therefore ask you to consult it regularly.

We have created this Data Protection Policy to explain how and why specific types of personal data are collected from users of this website, are processed and used. This Data Protection Policy also provides an overview of the use of data that is publicly available on other websites and sources and of the appropriate protection measures taken to safeguard your personal data.

What is the purpose and scope of this Data Protection Policy?

This Data Protection Policy applies to all personal data collected, processed and used by Allianz Global Investors when you visit the website and for the use of data that is publicly available on other websites and sources. It does not apply to websites controlled by third parties to which the website may contain links (“third-party websites").

Please check the data protection policies of third-party sites, as Allianz Global Investors is not responsible for the content or privacy measures of third-party sites and has no control over them.

The content of this Data Protection Policy may also be subject to any additional conditions or disclaimers or other contractual terms that you have entered into with Allianz Global Investors, as well as any applicable and binding laws and regulations.

What information do we collect from you and for what purposes?

When you visit the website, our web server automatically records details of your visit, so-called "Usage Data” (for example your IP address, the website from which you linked to our website, the type of browser software used, the individual sub-pages of the website that you actually accessed, the date and duration of your visit.

We also collect, process and use personal data that you provide through the website, such as personal details (i.e. name, gender, address, email address, telephone/fax number) that you enter on a login page or when you subscribe to an email newsletter or when you apply for a job at Allianz Global Investors online ("User Data").

We also receive certain data from our affiliate Allianz Global Investors U.S. LLC ("AllianzGI US") that stems from publicly available sources (e.g. freely available on the Internet) ("Analytical Data"), inter alia to evaluate and prepare investment decisions as well as client meetings. Analytical Data regularly do not contain personal data, but this cannot be excluded for all Analysis Data.

Allianz Global Investors collects, processes and uses Usage Data and User Data for:

the purposes of technical administration and research and development of the website;
customer and user management;
marketing, to inform you about our services and products;
online application processes

On what legal basis do we process the data, and for how long do we store your personal data?

Your Usage Data and User Data is processed in accordance with the above-mentioned purposes for the completion of (pre-)contractual measures (Article 6(1)(b) GDPR) and to pursue our legitimate interests (Article 6(1)(f) GDPR), such as the further development of the website or marketing.

As far as Analysis Data contain personal data, we process such data to pursue our legitimate interests (Art. 6(1)(f) GDPR). We want to better prepare investment decisions as well as client meetings and can carry out more precise assessments in advance of these decisions/meetings based on the Analysis Data to improve our services provided to you. If we intend to process Analysis Data for other purposes, in particular for the performance of a contractual relationship, we will inform the data subjects separately if necessary.

We store your personal data for as long as we need it to achieve these objectives. As soon as we no longer need your personal data for the purposes mentioned, we will delete the data from our systems, unless we are legally obliged to store it.

How do we use tracking technologies?

Allianz Global Investors uses tracking technologies such as cookies and tags. For details on how we use cookies and similar technologies, especially for the purposes of marketing, market and opinion research, please refer to our Allianz Global Investors Cookie Policy.

Who do we share your information with?

For the purposes of providing services to Allianz Global Investors, and for the other purposes set out above, Allianz Global Investors may share your information with affiliates and representatives of Allianz Global Investors, and third parties such as marketing agencies or web analytics service providers within and outside of your country of residence.

Our affiliates (see https://www.allianzgi.com/en/our-firm/contact-us), representatives and third parties who have access to the personal data collected, processed and used via the website are obliged to observe data protection regulations.

Your personal data may be transferred to recipients in countries outside the European Union or the European Economic Area, which may have a lower level of data protection. Unless the EU Commission has already established an adequate level of data protection for such a recipient country, we ensure that the recipients of your personal data comply with such an appropriate level, in particular, by implementing contractual safeguards such as standard contractual clauses for data transfers which are approved by the European Commission and can be accessed here.
Whenever we transfer your Personal Data within the Allianz Group to an OE outside of the EU / EEA, we will do so on the basis of Allianz’ approved binding corporate rules known as the Allianz Privacy Standard (“Allianz’ BCR”) which establish adequate protection for Personal Data and are legally binding on all Allianz Group companies. Allianz’ BCR and the list of Allianz Group companies that comply with them can be accessed here: https://www.allianz.com/en/info/privacy-statement/.

We may also share your information with government agencies and institutions, regulators, etc. in accordance with the applicable laws, regulations, a court order or an official request, or in accordance with and for the purposes of official (regulatory) policies or similar procedures as required or permitted by applicable law.

What security measures have we implemented to protect your information we collected through our website?

Allianz Global Investors has implemented appropriate technical and organisational security measures to protect your personal data that Allianz Global Investors has collected from unauthorised access, misuse, loss and destruction.

How do we handle electronic messages sent to and from Allianz Global Investors?

All electronic messages sent to and from Allianz Global Investors are protected by appropriate technical and organisational measures within our systems, and may only be accessed by individuals not directly involved in the communication in specific, justified cases according to the applicable laws and regulations (e.g. a court ruling, suspected criminal behaviour, breach of supervisory obligations); they are only accessed by certain individuals in defined functions (e.g. legal, compliance, risk). Each part of the procedure and the search criteria used are logged.

What should you bear in mind when sending data over the internet?

The internet is generally not considered to be a secure environment, and information sent via the internet (such as to or from the website, or as an electronic message) may be intercepted by unauthorised third parties, which may lead to divulging information, changes to content or technical failure. Even if both the sender and the recipient are located in the same country, data sent via the internet may be transmitted across international borders and forwarded to a country where the level of privacy is lower than in your country of residence.

Please note that we do not accept any responsibility or liability for the security of your data while it is being transmitted via the internet to Allianz Global Investors. To protect your privacy, we remind you that you can use other means of communication with Allianz Global Investors where appropriate.

How can you exercise your rights as a user?

Where permitted by law, you have the right to:

Request information about your personal data, including information such as the source and categories of data, reasons for processing, recipients (or categories of recipients) and the retention period;
Update or correct your personal data so that it is always correct;
Have your personal data supplied in an electronic format, to you or to a third party specified by you;
Request that your personal data be deleted from our systems, once it is no longer required for the above-mentioned purposes;
Restrict the processing of your personal data under certain circumstances, e.g. if you dispute the accuracy of your personal data, until we have verified its accuracy;
Withdraw your consent at any time, if your personal data is being processed with your consent, without this affecting the lawfulness of the processing that took place before your consent was withdrawn;
File a complaint with us or the relevant data protection authority.

In addition, you have the right to object to the processing of your personal data on grounds relating to your particular situation, which prevail over our legitimate reasons for processing. In such cases, we will no longer process your personal data unless we can demonstrate compelling legitimate grounds for the processing which override your interests, rights and freedoms, or the processing serves to establish, exercise or defend legal claims.

You may object to the use of your personal data for the purposes of marketing and market research or opinion polling.

Please contact us if you have any questions or comments regarding privacy or to exercise your aforementioned rights:

Allianz Global Investors GmbH
Data Protection Officer
Legal & Compliance
Bockenheimer Landstraße 42-44
60323 Frankfurt
Germany

or send an email to:
privacy@allianzgi.com

Use of Social Media plugins:

Our Site uses the following Social Media Plugins ("Plugins")

Facebook Share Button operated by Facebook Inc., 1601 S.
California Ave, Palo Alto, CA 94304, USA
Tweet Button operated by Twitter Inc., 795 Folsom St., Suite 600,
San Francisco, CA 94107, USA
LinkedIn Share Button operated by LinkedIn Corporation, 2029
Stierlin Court, Mountain View, CA 94043, USA
Xing share button, operated by XING AG, Dammtorstrasse 29-32,
20354, Hamburg, Germany
YouTube is operated by YouTube LLC, headquartered at 901 Cherry
Avenue, San Bruno, CA 94066, USA.
YouTube is represented by Google Inc., based in 1600 Amphitheatre
Parkway, Mountain View, CA 94043, USA.
Soundcloud is operated by SoundCloud Limited, headquartered at 33
St James Square, London SW1Y 4JS, UK.

All plug-ins are labelled with the brand of the respective operator (the “operators”): Facebook, Twitter, LinkedIn, Xing, YouTube and Soundcloud.

When you visit the web page that contains a social network plug-in (e.g. social sharing), your browser creates a direct connection to the operator’s servers. The operator submits the content of the plug-in directly to your browser, which embeds it in the web page, thereby enabling the operator to obtain the information that you have accessed the corresponding sub-page of our website. Allianz Global Investors therefore has no control over the data collected by the plug-in and we inform you to the best of our knowledge that: The embedded plug-ins inform the operator that you have accessed the corresponding sub-page of our website. If you do not want this information to be transmitted to the operators, you must log out of your respective account with them before visiting our website.

For more information on the purpose and scope of collection, processing and use of data, please refer to the data protection policies of these operators:

Facebook: https://de-de.facebook.com/about/privacy/
Twitter: https://twitter.com/privacy
LinkedIn: https://www.linkedin.com/legal/privacy-policy
XING AG: https://www.xing.com/app/share?op=data_protection

YouTube: https://www.google.de/intl/de/policies/privacy/
Soundcloud: https://soundcloud.com/pages/privacy

Allianz Global Investors Cookie Policy

Last Updated: 05/2018

Through this Cookie Policy we, Allianz Global Investors GmbH, Bockenheimer Landstr. 42-44, 60323 Frankfurt, Germany (“Allianz Global Investors” or “we”), inform you about how we use cookies and similar technologies on our website (“website”). For more information on how we collect, process and use personal data, please see our Privacy Notice.

Cookies and Similar Technologies

We use cookies to make our website function smoothly and optimally for our users and to continuously improve its operation. Cookies are small text files that contain a sequence of alphanumeric characters, which are stored on your device. We use both session cookies and persistent cookies. A session cookie is deleted when you close your internet browser. A persistent cookie remains stored even after the internet browser has been closed, and can be used by your internet browser on subsequent visits to our website. Your internet browser may well offer settings for cookies. Please note that you may not be able to make full use of the features in the services offered on our website if you either delete cookies or choose not to allow them. We also use third-party cookies in connection with the services provided through our website. For example, we use Google Analytics to collect and process certain analytical data. We may not process or react to “Do not track” signals from internet browsers or similar processes that indicate that a user visiting our website or using the services provided through our website does not want to be tracked online. A list of the cookies used on our website, including their purpose and the data stored in each case, can be found in the table below. Your consent to the intended use is required before placing and using cookies on your device. This consent can be given by the cookie preference center or / and adjusting your browser settings accordingly.

Clear GIFs/Web Beacons. Clear GIFs (also known as web beacons) are typically very small transparent graphics (typically 1 pixel x 1 pixel) used on a website which can be used within the scope of the services we offer on our website and are typically used in conjunction with cookies to track our users and their usage patterns.

How we use cookies and similar technologies

We use cookies and collect information in order to: (1) personalise our website and the services we offer on our website, e.g. to save data related to you so that you do not need to re-enter this data while using our website, or on your next visit to our website or when you use services provided on the website; (2) provide you with customised advertising, content and information; (3) monitor and analyse the effectiveness of our website and the services provided on our website, as well as third party promotional activities; (4) produce aggregate usage statistics, such as total number of visitors and page views; and (5) track your entries and the status of promotions or other activities and services offered via our website. Tracking technologies also help us to maintain and improve the usability of the website (1) by determining whether there has been any contact between your computer and us in the past, and (2) by identifying the most popular areas of our website.

Further details on cookies used can be found here: DOWNLOAD PDF

Privacy Notice for Newsletter Subscription

This Privacy Notice explains how Allianz Global Investors (“AllianzGI”, “we”, “us”, or “our”) processes your privacy and personal information (i.e. any information relating to an identified or identifiable individual person, „Personal Data“) when you subscribe to our newsletters, product insights or event invitations (“Email Marketing”) in our Subscription Center. It also outlines your rights under applicable data protection laws, including the EU General Data Protection Regulation (“EU GDPR”) and the UK GDPR which is the EU GDPR as transposed into the laws of England and Wales, Scotland and Northern Ireland by virtue of section 3 of the European Union (Withdrawal) Act 2018) (“UK GDPR”) (collectively, “GDPR”).

1. Data Controller

Allianz Global Investors GmbH (“AllianzGI”, “we”, “us” or “our”) is the Data Controller responsible for data processing that is directly related to the use of the Subscription Center. This means it is the entity deciding why and how to collect and process your Personal Data.

In addition, other companies of AllianzGI Group may become responsible for the processing of your Personal Data (for example in cases you receive the newsletter subscribed to by another AllianzGI Group entity). A list of all AllianzGI entities with respective contact details is available under https://www.allianzgi.com/en/our-firm/our-offices.

To the extent that two or more AllianzGI Group entities process your Personal Data in a joint manner, we kindly ask you to address any queries you may have to the Data Protection Officer whose details are set out at the end of this Privacy Notice. The Data Protection Officer will then forward your query to the AllianzGI entity who is primarily responsible, if necessary.

2. What Personal Data Do We Collect?

When you subscribe to Email Marketing, we collect and process the following categories of Personal Data from you:

Contact details: such as your name, email address, salutation and title if provided, and language preference.
Interaction data: including whether you open our emails, click on links, or interact with embedded content in which case we also collect the time and device of interaction. This is tracked using standard email tracking technologies (e.g., pixels or unique URLs).

In case of a registration to Email Marketing and if legally required, we verify your email address using what is known as double opt-in procedure. As part of this process, you will receive an email asking you to confirm your data and your consent to receive Email Marketing. You can unsubscribe from Email Marketing at any time.

If you are already a business partner of ours (such as investors and client representatives), your data may be linked to your information gathered during our business relationship, provided the same email address is used for this purpose.

3. Purpose of Processing

We process your Personal Data for the following purposes:

To send you Email Marketing and updates tailored to your interests.
To monitor engagement with our communications (e.g., open rates, click-through rates) to improve content relevance and delivery.
To ensure compliance with applicable legal and regulatory obligations.

4. Legal Basis for Processing

Where and to the extent this is required by applicable data protection laws and regulations, the processing of your Personal Data is based on your consent (for example, under Art. 6 (1) (a) GDPR), which you provide when subscribing to our Email Marketing. You may withdraw your consent at any time by clicking the unsubscribe link in any Email Marketing (using the Subscription Center) or contacting us directly.

When performing statistical analyses of Email Marketing this processing is carried out based on our legitimate interests (for example, under Art. 6(1)(f) GDPR) unless applicable local laws require a different legal basis.

Where required, we send a confirmation email as part of the double opt-in procedure to verify your email address. This fulfills our legal obligation (for example, under Art. 6 (1) (c) GDPR) to ensure the accuracy of your contact details.

5. Tracking Technologies

We use tracking technologies to understand how recipients interact with our newsletters. This includes:

Whether the email was opened.
Which links were clicked.
Time and device of interaction.

This data helps us optimize our communication strategy and ensure that our content remains relevant and engaging for you. This tracking does not produce legal effects or similarly significant impacts on you. It is used solely for marketing personalization.

6. Data Sharing and Transfers

Your Personal Data may be shared with:

Entities within the AllianzGI Group or our parent company Allianz Group where this is reasonably necessary or desirable (e.g. for purposes of fraud prevention);
Service providers that AllianzGI has retained to perform services on its behalf, such as IT or Marketing service providers; these service providers are not permitted to use the Personal Data for their own purposes but are required to solely process the data upon instructions received from AllianzGI;
Law enforcement or other government authorities, if required by law or where reasonably necessary to protect the rights, property, and safety of others or ourselves;
Other parties in the event of any contemplated or actual reorganization, merger, sale, joint venture, assignment, transfer or other disposition of all or any portion of AllianzGI’s business, assets or stock (including in any insolvency or similar proceedings), if applicable.

In doing so it goes without saying that AllianzGI complies with all applicable data protection laws and regulations.

7. Where We Process Personal Data

Your personal data may be transferred to recipients in countries outside the European Union, the European Economic Area or the United Kingdom, which may have a lower level of data protec-tion. Unless the EU Commission or the UK Government have established an adequate level of data protection for such a recipient country, we ensure that the recipients of your personal data comply with such an appropriate level, in particular, by implementing contractual safeguards such as standard contractual clauses for data transfers which are approved by the European Commission (see https://commission.europa.eu/law/law-topic/data-protection/international-dimension-data-protection/standard-contractual-clauses-scc_en) and the UK Government (see https://ico.org.uk/for-organisations/uk-gdpr-guidance-and-resources/international-transfers/international-data-transfer-agreement-and-guidance/).

When transferring Personal Data internationally we make sure that we comply with applicable data protection laws and regulations, for example, by entering into agreements which will ensure that the recipients of your Personal Data maintain an adequate level of data protection (for example by implementing so-called Standard Contractual Clauses approved by the EU Commission). Further information in relation to international data transfers can be obtained by contacting dataprivacy@allianzgi.com.

If you are contracting with Allianz Global Investors GmbH or one of our EU branches or subsidiaries, whenever we transfer your Personal Data within the Allianz Group to another entity outside of the EU / EEA, we will do so on the basis of Allianz’ approved binding corporate rules (“Allianz’ BCR”) which establish adequate protection for Personal Data and are legally binding on all Allianz Group companies. Allianz’ BCR and the list of Allianz Group companies that comply with them can be accessed here: https://www.allianz.com/en/info/privacy-statement/.

We will also disclose your Personal Data to foreign governmental agencies or entities, regulatory authorities, or other persons in line with any applicable law, regulations, court order or official request, or under any and for the purposes of any guidelines issued by regulatory or other authorities, or similar processes as either required or permitted by applicable law (see above). Where data is transferred outside the European Economic Area (EEA), we ensure appropriate safeguards are in place, such as Standard Contractual Clauses.

8. Data Retention

We retain your Personal Data for as long as you remain subscribed to our Email Marketing. Interaction data is retained for a maximum of 12 months for analytical purposes unless a longer retention period is required by law.

9. Security of Data Processing

10. Your Rights

Where permitted by law, you have the right to:

Request information about your Personal Data, including information such as the source and categories of data, reasons for processing, recipients (or categories of recipients) and the retention period;
Update or correct your Personal Data so that it is always correct;
Have your Personal Data supplied in an electronic format, to you or to a third party specified by you;
Request that your Personal Data be deleted from our systems, once it is no longer required for the above-mentioned purposes;
Restrict the processing of your Personal Data under certain circumstances, e.g. if you dispute the accuracy of your Personal Data, until we have verified its accuracy;
Withdraw your consent at any time, if your Personal Data is being processed with your consent, without this affecting the lawfulness of the processing that took place before your consent was withdrawn;
File a complaint with us or the relevant data protection authority.

In addition, you have the right to object to the processing of your Personal Data on grounds relating to your particular situation, which prevail over our legitimate reasons for processing. In such cases, we will no longer process your Personal Data unless we can demonstrate compelling legitimate grounds for the processing which override your interests, rights and freedoms, or the processing serves to establish, exercise or defend legal claims.

You may object to the use of your Personal Data for the purposes of marketing and market research or opinion polling.

To exercise your rights, please contact us at dataprivacy@allianzgi.com.

11. Contact

For questions or concerns regarding this Privacy Notice or your Personal Data, please contact:

Allianz Global Investors GmbH
Legal & Compliance & Risk
Data Protection Officer
Bockenheimer Landstrasse 42–44
60323 Frankfurt am Main, Germany
Email: dataprivacy@allianzgi.com

12. Updates to this Privacy Notice

We may update this Data Privacy Notice from time to time. We will notify you of any significant changes to this Data Privacy Notice in the Subscription Center, in the Email Marketing or through other appropriate communication channels. All changes shall be effective from the date indicated on the updated Data Privacy Notice, otherwise provided in the notification.

Allianz Privacy Standard (APS)

The Allianz Privacy Standard constitutes Allianz’ Binding Corporate Rules (BCRs) and provides you with information on the rules governing the international transfer of personal data between Allianz Group companies operating in the European Economic Area (EEA) and Allianz Group companies outside that area.

The Allianz Privacy Standard also describes your rights in respect of such transfers, what to do if you want to exercise your rights or complain about such transfers, and how to contact us.

https://www.allianz.com/en/info/privacy-statement/

Allianz Privacy Standard (APS) Companies

Allianz Group companies are required to implement the Allianz Privacy Standard. An up-to-date list of Allianz Group companies who have committed to comply with the Allianz Privacy Standard is available here:

https://www.allianz.com/en/info/privacy-statement/