China’s latest National Party Congress wasn’t the model of transparency, but the market appreciated the overall sense of political stability and policy continuity – and the clear vote of confidence for the continued leadership of General Secretary Xi Jinping, says Raymond Chan, CIO Equity Asia Pacific for Allianz Global Investors.
Investors have profited handsomely from FANG stocks and their Big Tech brethren, but Western regulators are responding to growing concerns about their behaviour. Neil Dwane, global strategist for Allianz Global Investors, says these masters of high-tech disruption may soon find themselves competing on a more regulated – and more level – playing field.
An abundance of oil, thanks largely to US shale, has pushed down oil prices and sector sentiment. But since that means less investment in new production sources, the bearish market may soon rebalance from fears of oversupply to concerns over shortages – which would push prices higher says Neil Dwane, global strategist for Allianz Global Investors.
President Trump has the opportunity to overhaul the Federal Reserve by appointing new Fed governors who align with his administration’s views – namely that the current Fed suffers from regulatory over-reach and is less independent than ever, says Steve Malin, investment strategist at Allianz Global Investors.
President Trump recently announced the framework for comprehensive US tax reform. Passing the bill will not be easy, says Mona Mahajan, US investment strategist at Allianz Global Investors, but it could simplify the current tax code, increase economic growth and support the US consumer.
In early September, strategists, economists and portfolio managers from Allianz Global Investors convened in New York for its semi-annual Investment Forum. Their goal? To explore the way forward for clients in a world where taking risk is necessary to earn a return, but where opportunities are getting harder to find.
In a troubling sign for global economic growth, productivity has been in decline for decades. In the first of a special series on productivity, Neil Dwane, Global Strategist at Allianz Global Investors, explores why businesses, governments and investors need to find ways to solve the productivity puzzle.
As the global economy continues to muddle through, the days of easy monetary policy may have peaked – along with the period of ultra-low yields. We may begin to see changing policies as central banks re-evaluate, which could lead to jittery markets says Hans-Jörg Naumer, Global Head of Capital Markets & Thematic Research with Allianz Global Investors.
Fortunate is the financial advisor bullish on US stocks in recent years. But more fortunate will be those who prepare clients for the inevitable market downturn. This is one of most important things an advisor can do says Glenn Dial, Head of Retirement Strategy in the US with Allianz Global Investors.
Defying expectations, markets shrugged off the Brexit vote and President Trump’s election. Yet our research shows a clear link between political uncertainty and lower P/E ratios. As such, Stefan Rondorf, analyst at Allianz Global Investors, says markets will soon reassess political risks.