ADIG Allgemeine Deutsche Investment-Gesellschaft

ADIG Allgemeine Deutsche Investment-Gesellschaft mbH was a German capital investment company (Kapitalanlagegesellschaft) and is recognized as the first German fund company. It was founded on 23 November 1949 in Munich by four Bavarian banks, including Bayerische Vereinsbank, Bayerische Staatsbank and Bankhaus H. Aufhäuser. A year later, in 1950, ADIG launched the first investment funds in Germany: Fondra (WKN 847100), a mixed fund for German bonds and equities, and Fondak (WKN 847101), an equity fund for German stocks. In 1951 Commerzbank took a stake in ADIG. From 1965, ADIG enabled fund saving through the Aufbaukonto (accumulation account). In 1994 it launched Germany's first money market fund. Commerzbank acquired a majority in ADIG in 1999, and in 2002 ADIG was merged into Cominvest Asset Management. The ADIG name continued as a brand for retail fund distribution for a time, but from September 2006 the ADIG and ALSA (ADIG Luxemburg Société anonyme) names gradually disappeared from fund names and the market, replaced by Cominvest; the renaming was completed in January 2007. At that time, assets under management in the 90 public funds amounted to EUR 22.7 billion. In 2009 Cominvest was sold to Allianz and placed under Allianz Global Investors (AGI). The Fondra and Fondak funds are today managed by Allianz. ADIG thus represents a foundational chapter in the German investment fund industry, pioneering retail fund saving and money market funds before being absorbed into larger financial groups.

ADIG Allgemeine Deutsche Investment-Gesellschaft mbH was founded on 23 November 1949 in Munich by four Bavarian banks, including Bayerische Vereinsbank, Bayerische Staatsbank and Bankhaus H. Aufhäuser. It was the first German fund company (Kapitalanlagegesellschaft). In 1950, ADIG launched the first investment funds in Germany: Fondra (WKN 847100), a mixed fund for German bonds and equities, and Fondak (WKN 847101), an equity fund for German stocks. In 1951, Commerzbank took a stake in ADIG. From 1965, ADIG enabled fund saving through the Aufbaukonto (accumulation account). In 1994, ADIG launched Germany's first money market fund. In 1999, Commerzbank acquired a majority stake in ADIG. In 2002, ADIG was merged into Cominvest Asset Management. The ADIG name was initially retained as a brand for the distribution of public funds. From September 2006, the names ADIG and ALSA (ADIG Luxemburg Société anonyme) gradually disappeared from fund names and the market, replaced by Cominvest; the renaming was completed in January 2007. At that time, assets under management in the 90 public funds amounted to EUR 22.7 billion. In 2009, Cominvest was sold to Allianz and placed under Allianz Global Investors (AGI). The Fondra and Fondak funds are today managed by Allianz.

• 2009

  Cominvest sold to Allianz and placed under Allianz Global Investors.

• 2007

  Renaming completed in January; assets under management in 90 public funds at EUR 22.7 billion.

• 2006

  From September, ADIG and ALSA names gradually replaced by Cominvest.

• 2002

  ADIG merged into Cominvest Asset Management.

• 1999

  Commerzbank acquires a majority stake in ADIG.

• 1994

  ADIG launches Germany's first money market fund.

• 1965

  Fund saving enabled through the Aufbaukonto.

• 1951

  Commerzbank takes a stake in ADIG.

• 1950

  Launch of the first German investment funds: Fondra (mixed fund) and Fondak (equity fund).

• 1949

  ADIG founded on 23 November in Munich by four Bavarian banks as the first German fund company.

Pioneer of the German retail investment fund industry; first German fund company and first to launch public funds and a money market fund.

• Fondra

  Mixed fund for German bonds and equities, WKN 847100, launched 1950.

• Fondak

  Equity fund for German stocks, WKN 847101, launched 1950.

• Aufbaukonto

  Fund savings account introduced in 1965.

• First German money market fund

  Launched by ADIG in 1994.

1. 1ADIG on Wikidatawikidata.org
2. 2ADIG Allgemeine Deutsche Investment-Gesellschaft – Wikipedia (German)de.wikipedia.org