Assenagon’s Multi Asset Flagship Reaches EUR 1 Billion in Assets Under Management

• Billion-euro milestone achieved: Assenagon Multi Asset Conservative surpasses EUR 1 billion in assets under management driven by continuous inflows
• Active management as a key success factor: Flexible allocation and consistent risk management prove their worth in a challenging market environment
• A strong solution for institutional and private investors as well as foundations: Defensive multi-asset strategy delivers stable, risk-adjusted returns over the long term

The Assenagon Multi Asset Conservative has reached another major milestone: assets under management have recently exceeded the significant threshold of EUR 1 billion. This achievement underscores the multi-asset strategy’s role as a reliable stabilising anchor for investors with a conservative risk profile. The strong inflows reflect a robust and time-tested investment process with a compelling risk-return profile that has proven its value in the demanding market environment of the past ten years.

Whether during the low-interest-rate era, the pandemic, the turning point in monetary policy or periods of heightened geopolitical uncertainty, the Assenagon Multi Asset Conservative has consistently demonstrated the strengths of its active management approach since its launch in November 2015. A key factor is the active, benchmark-independent investment strategy, which enables the portfolio management team led by Thomas Romig, CIO Multi Asset at Assenagon, to identify opportunities across all asset classes in global financial markets while proactively reducing risks at an early stage.
 

Active management that excels in periods of transition

“Reaching the EUR 1 billion mark is an important milestone for us. We would like to thank our investors and partners for their trust,” says Thomas Romig. “Especially in times of persistent geopolitical uncertainty accompanied by high market volatility, investors are looking for reliable strategies that are not rigidly tied to quotas or indices. Our approach addresses exactly this need: flexible, diversified and clearly focused on risk control.”

The strengths of active fund management were particularly evident during phases of major market disruption. For example, during the COVID-19 crisis in 2020, equity exposure was reduced early on to around 10 percent and then swiftly increased again following the monetary policy measures taken by central banks. The interest rate turning point in 2022 was also actively managed: as bond markets came under pressure, the management team reduced fixed-income exposure almost entirely and rebuilt it only once yields had risen significantly.

Over the past five years, the Assenagon Multi Asset Conservative achieved a performance of +27.7 percent and extended its lead over competitors to +20.3 percent (Morningstar category: EUR Cautious Allocation – Global), with a Sharpe ratio of around 0.8 as an indicator of above-average risk-adjusted returns (WKN: A140LW, all data as at 30 December 2025).
 

Attractive opportunities off the beaten path of global capital markets

“Our objective is to construct a broadly diversified investment mix of international opportunities in every market environment,” Romig explains. “My five-person team and I screen the side streets and niches of the financial markets on a daily basis across equities, bonds and commodities, as well as across countries and sectors. At present, for example, we see attractive price-earnings ratios in frontier and emerging markets.”

Given ongoing all-time highs and the associated concentration and valuation risks in international equity markets, investors are increasingly seeking diversification beyond the technology stocks dominating major indices. In global bond markets, too, active security selection will be more important than ever in 2026 amid record issuance volumes. “We look forward to continuing to scour the financial markets as truffle hunters on behalf of our investors in search of attractive investment opportunities this year as well,” says Romig.

Here you can download a print-quality photo of Thomas Romig.

Munich/Frankfurt, 9 February 2026