The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Gravity

~EUR 187B/yr GROSS business volume routed + PIMCO bond-market reach (a top-tier global fixed-income voice) — gravity is thin vs the ~EUR 2.5T commanded pile, but PIMCO adds real market-shaping weight.

high confidence · as of 2026-07-26 · about Allianz

Sourced figures 1

  • Wikipedia — Allianz Business volume EUR 186.94B/yr; owns PIMCO (global bond manager) and Allianz Global Investors

    2025-12 high


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