Latest news with #AllianzGlobalInvestors
Bloomberg
4 days ago
- Business
- Bloomberg
AllianzGI Says First ESG Defense Allocations Likely This Year
Allianz Global Investors expects some of its ESG funds to start adding defense holdings in the coming months, as the money manager updates prospectuses to match the political mood in Europe. 'The European view on defense and the need for defense has shifted,' Matt Christensen, global head of sustainable and impact investing, said in an interview in which he alluded to both the war in Ukraine and the need to meet NATO goals.
Bloomberg
29-05-2025
- Business
- Bloomberg
Trump Global Tariffs Deemed Illegal, US to Revoke Chinese Student Visas
The vast majority of President Donald Trump's global tariffs were deemed illegal and blocked by the US trade court, dealing a major blow to a pillar of his economic agenda. A panel of three judges at the US Court of International Trade in Manhattan issued a unanimous ruling Wednesday which sided with Democratic-led states and small businesses that accused Trump of wrongfully invoking an emergency law to justify the bulk of his levies. The court gave the administration 10 days to 'effectuate' its order, but didn't spell out any steps it must take to unwind the tariffs. Meanwhile the US plans to start 'aggressively' revoking visas for Chinese students, Secretary of State Marco Rubio said. Today's guests: Virginie Maisonneuve, Allianz Global Investors, Jim O'Neill, former Goldman Sachs Asset Management Chairman, Amrita Sen, Energy Aspects Founder. (Source: Bloomberg)
Bloomberg
27-05-2025
- Business
- Bloomberg
ARK, AllianzGI Vie to Tap Taiwan's Retail Boom With Active ETFs
Global asset managers including Allianz Global Investors and Cathie Wood's ARK Investment Management are racing to ride Taiwan's retail investing boom, encouraged by easing of regulations around financial-product innovation. Taiwanese regulators greenlit the first actively managed exchange-traded funds in recent months, after making legal amendments to allow them as of Dec. 31. The shift was made to help meet demand for alternative products that offer higher returns than traditional bank deposits and insurance policy-tied instruments.
Business Times
25-05-2025
- Business
- Business Times
US risks losing ‘reliable investment' status, Allianz Global Investors manager says
[LONDON] Inside one of Europe's biggest asset managers, there's growing concern that Republican efforts to gut legislation supporting key industries such as clean energy may result in the US losing its status as a destination for investor capital. 'For investors, the message is clear: The US may no longer offer the reliable investment runway it did just months ago,' said Alex Bibani, a London-based senior portfolio manager at Allianz Global Investors, which oversees some US$650 billion in assets. The decision by House Republicans to pass a tax bill that would do away with many of the incentives contained in the 2022 Inflation Reduction Act (IRA) threatens to upend investment strategies premised on the clean energy transition. Even if the Senate votes to block some of the House proposals, European asset managers still have to contend with a new level of uncertainty and volatility that may ultimately force them to turn elsewhere, Bibani said. 'Project economics, supply-chain commitments, and capital flows may now pivot towards more stable jurisdictions such as Canada or the EU, unless clarity is quickly restored,' he said. It's the latest wedge dividing Europe, where emissions reductions are anchored in law, and the US, where the Trump administration has mounted a full-throated attack on net zero policies. The bill agreed by House Republicans is even 'worse than feared' for investors committed to energy transition strategies, according to equity analysts at Jefferies. If passed by the Senate, a repeal of the IRA 'would mark a sharp reversal in US clean-tech policy', Bibani said. That would inject 'significant regulatory and political risk into the market, undermining the policy certainty and financial predictability that made the US the world's leading destination for clean tech capital post-IRA'. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The S&P 500 Index fell last week, while the yield on 30-year US Treasuries rose as high as 5.1 per cent as markets digested news of the Republican bill, amid estimates it will add trillions of US dollars to the deficit. US President Donald Trump then ended the week by injecting further uncertainty into markets as he escalated the tariff war with the European Union, even declaring he's 'not looking for a deal'. The US dollar fell. US hostility towards energy-transition policies has already sent a chill through European investing circles, where such strategies are a major driver of flows. Amundi, Europe's largest asset manager, said last month it was seeing evidence that clients had 'massively repositioned' to avoid the US market, amid concerns over everything from a lack of stewardship to a degradation of key climate policies. UBS Group also said it was aware of sizeable flows out of US equity exchange-traded funds. Tyler Christie, who previously invested in climate and the energy transition at BlackRock as part of its Decarbonization Partners venture with Temasek Holdings, said the concern now is that 'extreme volatility in US policy is creating uncertainty that's rippling through the financial system'. At the same time, 'European policy is arguably more aligned and predictable than ever' as it tackles 'existential challenges around energy, security and resources'. The upshot is that asset managers, both in Europe and the US, 'are starting to direct more capital into European projects where they can see policy is more consistent and reinforced by fundamental demand', he said. The 'sledgehammer' that House Republicans have taken to the IRA 'is just one more example of the new volatility and uncertainty in US policy', Christie said. BLOOMBERG
Yahoo
25-05-2025
- Business
- Yahoo
US Risks Losing ‘Reliable Investment' Status, Allianz GI Manager Says
(Bloomberg) -- Inside one of Europe's biggest asset managers, there's growing concern that Republican efforts to gut legislation supporting key industries such as clean energy may result in the US losing its status as a destination for investor capital. NY Private School Pleads for Donors to Stay Open After Declaring Bankruptcy UAE's AI University Aims to Become Stanford of the Gulf NYC's War on Trash Gets a Glam Squad Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt 'For investors, the message is clear: The US may no longer offer the reliable investment runway it did just months ago,' said Alex Bibani, a London-based senior portfolio manager at Allianz Global Investors, which oversees some $650 billion in assets. The decision by House Republicans to pass a tax bill that would do away with many of the incentives contained in the 2022 Inflation Reduction Act threatens to upend investment strategies premised on the clean energy-transition. Even if the Senate votes to block some of the House proposals, European asset managers still have to contend with a new level of uncertainty and volatility that may ultimately force them to turn elsewhere, Bibani said. 'Project economics, supply-chain commitments, and capital flows may now pivot toward more stable jurisdictions like Canada or the EU, unless clarity is quickly restored,' he said. It's the latest wedge dividing Europe, where emissions reductions are anchored in law, and the US, where the Trump administration has mounted a full-throated attack on net zero policies. The bill agreed by House Republicans is even 'worse than feared' for investors committed to energy transition strategies, according to equity analysts at Jefferies. If passed by the Senate, a repeal of the IRA 'would mark a sharp reversal in US clean-tech policy,' Bibani said. That would inject 'significant regulatory and political risk into the market, undermining the policy certainty and financial predictability that made the US the world's leading destination for clean tech capital post-IRA.' The S&P 500 Index fell last week, while the yield on 30-year US Treasuries rose as high as 5.1% as markets digested news of the Republican bill, amid estimates it will add trillions of dollars to the deficit. President Donald Trump then ended the week by injecting further uncertainty into markets as he escalated the tariff war with the European Union, even declaring he's 'not looking for a deal.' The dollar fell. US hostility toward energy-transition policies has already sent a chill through European investing circles, where such strategies are a major driver of flows. Amundi SA, Europe's largest asset manager, said last month it was seeing evidence that clients had 'massively repositioned' to avoid the US market, amid concerns over everything from a lack of stewardship to a degradation of key climate policies. UBS Group AG also said it was aware of sizeable flows out of US equity exchange-traded funds. Tyler Christie, who previously invested in climate and the energy transition at BlackRock Inc. as part of its Decarbonization Partners venture with Temasek Holdings Pte, said the concern now is that 'extreme volatility in US policy is creating uncertainty that's rippling through the financial system.' At the same time, 'European policy is arguably more aligned and predictable than ever' as it tackles 'existential challenges around energy, security and resources.' The upshot is that asset managers, both in Europe and the US, 'are starting to direct more capital into European projects where they can see policy is more consistent and reinforced by fundamental demand,' he said. The 'sledgehammer' that House Republicans have taken to the IRA 'is just one more example of the new volatility and uncertainty in US policy,' Christie said. Why Apple Still Hasn't Cracked AI How Coach Handbags Became a Gen Z Status Symbol AI Is Helping Executives Tackle the Dreaded Post-Vacation Inbox Inside the First Stargate AI Data Center Microsoft's CEO on How AI Will Remake Every Company, Including His ©2025 Bloomberg L.P.
