The presented assets refer to assets managed by BayernInvest.
Please note that Total Assets of BayernInvest are 84.321 bn Euro. This includes so called Master-KVG services (administrational services only with outsourced managers.
As we do not have asset management responsibility for pure Master-KVG assets, this are not part of the reporting.
Please note that we provide asset breakdown in a look through perspective, not on strategy level.