For European bond investors interested in capital gains, recent years have been great. For those targeting yield, including institutional ‘forced buyers’, it has been horrible.
Elizabeth Corley, chief executive of Allianz Global Investors, says definitions and understandings of ‘risk’ in the Continent’s various countries are too heterogeneous for her firm to launch cross-border risk-target funds there.
James Dilworth, new CEO at Allianz Global Investors Europe explains plans to overcome challenges facing the industry and its clients.
Schroders and BlackRock have each announced appointments from Germany’s RCM, the equities specialist within Allianz Global Investors.
Allianz has announced a major shake-up of its €1.4trn asset management operations, putting them under a holding company called Allianz Asset Management, and naming Jay Ralph, currently a member of Allianz’s board of management, as its chairman.