European asset management houses appear unfazed by the recent market turbulence emanating from Asia, and are looking to take a greater share of the $2 trillion (€1.5 trillion) in savings in the region by increasing their stakes in local fund management ventures.
Allianz Global Investors, the asset management division of German insurance giant Allianz, said last month it had identified the region â specifically China, Taiwan and South Korea - as "especially important for future growth". It reported a 19% growth in assets under management in Asia to €62bn ($81bn).
