How can active managers offer greater value to investors?



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.

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



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