Allianz chief warns diversification strategies may face threat
The once “unthinkable” prolonged period of low and negative interest rates may have even further to travel, according to the chief economic adviser to insurance giant Allianz.
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The once “unthinkable” prolonged period of low and negative interest rates may have even further to travel, according to the chief economic adviser to insurance giant Allianz.
The decision by the ECB to include investment-grade corporate bonds in its asset purchasing programme has led to a spike in issuance and to yields edging even lower. While this market response was anticipated by the central bank, its stimulus efforts threaten the viability of the asset class in the longer term .
In part two of this video interview, Marcus Stahlhacke tells us where he sees the best return opportunities going forward.
In part one of this interview, Marcus Stahlhacke, director of multi-asset strategies at Allianz GI, takes EIE’s Dylan Emery through his fund selection philosophy.
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