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Allianz Group makes investment in Moneyfarm

Allianz Group has made another investment in digital wealth manager Moneyfarm, and its asset management unit, Allianz Asset Management, will become Moneyfarm's lead investor and a minority shareholder.

As part of a U.K. pilot, Allianz is offering its U.K.-based employees the opportunity to invest through Moneyfarm in actively managed funds of Allianz's two asset managers, Allianz Global Investors and PIMCO.