How can active managers offer greater value to investors?

2018/04/27

Summary

It’s more important than ever for asset managers to understand their clients’ needs precisely before offering solutions. Allianz Global Investors is focused on solving our clients’ top problems by being more active, focusing more on non-financial ESG factors and making greater use of performance fees.

This material has not been reviewed by any regulatory authorities. In mainland China, it is used only as supporting material to the offshore investment products offered by commercial banks under the Qualified Domestic Institutional Investors scheme pursuant to applicable rules and regulations.

This document is being distributed by the following Allianz Global Investors companies: Allianz Global Investors U.S. LLC, an investment adviser registered with the U.S. Securities and Exchange Commission; Allianz Global Investors GmbH, an investment company in Germany, authorized by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Allianz Global Investors Asia Pacific Ltd., licensed by the Hong Kong Securities and Futures Commission; Allianz Global Investors Singapore Ltd., regulated by the Monetary Authority of Singapore [Company Registration No. 199907169Z]; Allianz Global Investors Japan Co., Ltd., registered in Japan as a Financial Instruments Business Operator [Registered No. The Director of Kanto Local Finance Bureau (Financial Instruments Business Operator), No. 424, Member of Japan Investment Advisers Association and Investment Trust Association, Japan];and Allianz Global Investors Taiwan Ltd., licensed by Financial Supervisory Commission in Taiwan.

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The Fed is playing a strong hand as it keeps normalising rates

2018/06/07

Summary

Clear forward guidance from the Fed and a run of strong economic data point to one probable outcome from the FOMC’s June meeting: a rate hike of 0.25%. We don’t believe that any external factors – such as emerging-market volatility or political tensions in Italy – are likely to deter the Fed at this stage.

Key takeaways

  • The Fed has clearly telegraphed its next move: investors should expect a 25-basis-point rate hike in June
  • Key factors pushing the Fed towards another rate increase: rising inflation, low unemployment and an upward trend in wages
  • We expect a grand total of four rate increases in 2018, with two more on the horizon in 2019