Latest news with #AllianzSE
Mint
12 hours ago
- Business
- Mint
'US no longer a safe nation for investment': Why Carmignac chief economist thinks Trump's 'revenge tax' will backfire
Raphael Gallardo, chief economist at French asset manager Carmignac. warned that the United States is no longer a secure destination for foreign investors because of risks stemming from President Donald Trump's tax and spending bill, as reported by Bloomberg. Gallardo is the latest market commentator to speak about the deep concerns over Section 899 of the bill, a provision that would increase tax rates for individuals and companies from countries whose tax policies the US considers 'discriminatory'. Some have dubbed the measure a 'revenge tax'. During a briefing on the outlook for the second half of the year, Gallardo said, 'The United States is no longer a safe nation for investment.' Carmignac, which had about $39 billion under management at the end of 2024, titled its presentation ''From America First' to Global Financial Anarchy'. Gallardo believes that Trump's unpredictable decisions on trade, along with the concerns around his foreign policy and the rule of law are all prompting traditional allies of the US to reduce their dependence and ties to the world's biggest economy. 'Why de-risk? Because the United States has become a totally unreliable military ally and so, one has to secure supply chains, find new markets,' as reported by Bloomberg. According to Bloomberg data, the Wall Street consensus is that the tax provision would further decrease investors' confidence in US assets, which are already shaken by Trump's trade policies and America's deteriorating fiscal accounts. The tax provision could trigger a 5 per cent fall in the dollar and a 10 per cent selloff across equities, according to Allianz SE chief investment officer Ludovic Subran. Carmignac is diversifying asset allocations from the US to Europe, where Germany's historic fiscal reforms have given a boost to economic growth, reported Bloomberg. German Chancellor Friedrich Merz has taken a series of measures to add weight to the country's military capacity, accelerate infrastructure spending and revive the economy through comprehensive corporate tax breaks. 'Trump managed to achieve what no one had managed before, and that's to make the Germans start to spend,' Gallardo said. Bloomberg reported that European equities have emerged as clear winners worldwide this year as concerns over the Trump administration's trade policies encourage investors to reduce holdings of US assets. At the end of May, eight of the world's 10 best-performing stock indexes were European. Carmignac handles a range of funds across equity, fixed income, diversified and alternative asset classes with different geographical focuses and target outcomes. It was among asset managers who predicted the rally in global shares last year, dismissing talk of a bubble in equity markets, as per Bloomberg
Bloomberg
a day ago
- Business
- Bloomberg
Allianz in Talks to Buy Private Credit Manager Capital Four
Allianz SE is in talks to buy European credit manager Capital Four, people with knowledge of the negotiations said. The German insurer is holding preliminary discussions with Capital Four, the people said, asking not to be identified because the information is private. The talks could still be delayed or fall apart, the people added.
Bloomberg
4 days ago
- Business
- Bloomberg
Trump's ‘Revenge' Tax Could See Dollar Dive 5%, Allianz CIO Says
A foreign tax provision in US President Donald Trump's massive fiscal package could trigger a 5% plunge in the dollar and send equities reeling if it takes effect, according to Allianz SE 's chief investment officer Ludovic Subran. The item, introduced in legislation that passed the US House in May as Section 899, is 'exactly what people don't spend enough time on,' Subran said in an interview on Bloomberg TV on Tuesday. The provision would increase tax rates for individuals and companies from countries whose tax policies the US deems 'discriminatory.'
Yahoo
26-05-2025
- Business
- Yahoo
Are Finance Stocks Lagging Acadian Asset Management Inc. (AAMI) This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Acadian Asset Management (AAMI) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Acadian Asset Management is a member of the Finance sector. This group includes 857 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Acadian Asset Management is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past 90 days, the Zacks Consensus Estimate for AAMI's full-year earnings has moved 2.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend. Based on the latest available data, AAMI has gained about 11% so far this year. In comparison, Finance companies have returned an average of 3.7%. This means that Acadian Asset Management is outperforming the sector as a whole this year. Another stock in the Finance sector, Allianz SE (ALIZY), has outperformed the sector so far this year. The stock's year-to-date return is 29.2%. The consensus estimate for Allianz SE's current year EPS has increased 9.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). Looking more specifically, Acadian Asset Management belongs to the Financial - Miscellaneous Services industry, a group that includes 88 individual stocks and currently sits at #131 in the Zacks Industry Rank. On average, stocks in this group have lost 6.7% this year, meaning that AAMI is performing better in terms of year-to-date returns. In contrast, Allianz SE falls under the Insurance - Multi line industry. Currently, this industry has 41 stocks and is ranked #70. Since the beginning of the year, the industry has moved +1.7%. Investors interested in the Finance sector may want to keep a close eye on Acadian Asset Management and Allianz SE as they attempt to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Acadian Asset Management Inc. (AAMI) : Free Stock Analysis Report Allianz SE (ALIZY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Industry expert issues urgent warning about economic impact of looming disaster: 'Threatens the very foundation of the financial sector'
A top insurance executive is sounding the alarm on the growing risks of increasing global temperatures — not just to our ecosystems but also to our economy. As extreme weather intensifies and the costs stack up, the foundations of our systems could start to crack under pressure. Günther Thallinger, board member at insurance and financial services company Allianz SE, said the premiums needed to cover the risks of increasing temperatures and related ripple effects are too high for customers to afford. "Entire regions are becoming uninsurable," Thallinger wrote on LinkedIn, per The New York Times, calling this a "systemic risk that threatens the very foundation of the financial sector." "Capitalism as we know it ceases to be viable," Thallinger added. The climate-induced economic crisis refers to the financial fallout from worsening climate disasters such as wildfires, floods, and heat waves. These events can cause significant damage to homes, infrastructure, and farmland, which in turn increases insurance prices, drives down property values, and disrupts communities. According to the Times, the impacts of global warming could exceed $38 trillion per year by 2049, per research at the Potsdam Institute for Climate Impact Research. In the U.S. alone, climate risks may wipe out $1.5 trillion in property value by 2055 due to flooding and other growing hazards, according to First Street, as cited by the Times. Without homeowners insurance, banks may not issue mortgages. That can mean no buying, selling, or refinancing homes, which would drag down neighborhood wealth and cut funding for schools, hospitals, and emergency services. Per the Times, ETH Zurich researchers warned that a global temperature rise of 3 degrees Celsius (5.4 degrees Fahrenheit) — a fairly likely outcome without swift action — could shrink global economic output by 10%. Do you think America has a plastic waste problem? Definitely Only in some areas Not really I'm not sure Click your choice to see results and speak your mind. In places such as California and Florida, some homeowners are already being priced out of insurance. A warming climate isn't just hitting housing; it's also making food, electricity, and water more expensive, straining budgets across the country. Some communities are pushing back. Cities are planting trees and installing cool roofs to fight extreme heat. Families are investing in weatherized homes to cut energy costs. By upgrading insulation, sealing air leaks, and installing efficient heating systems, homeowners can reduce their energy bills and take advantage of rebates. Addressing climate risks will take effort and investment, but the cost of doing nothing is far higher. Cleaner energy, stronger infrastructure, and smarter building practices can help communities stay safe and financially secure. From installing solar panels to weatherproofing homes, people are already embracing solutions that reduce pollution and save money. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
