Investment firms say yields are in Asia and EM economies
With Europe still mired in uncertainty, firms such as Allianz are banking on a Look East stance
Frankfurt
IN THE past half-year, fund manager Allianz Global Investors has become more positive on Asia and emerging markets.
The shift comes in the face of the continued low yield environment and political uncertainty in Europe.
"Our strongest investment conclusion is a lot of parts of the world offer income ... pools with real interesting yields are not in Europe and the US but are now in Asia and emerging markets. You have to be prepared to take risk to look," said Allianz global strategist Neil Dwane.
Mr …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
GE Aerospace raises earnings goal on strong engine sales
BRC Asia to buy 19.9% of steel reinforcement company for S$16 million
Lockheed Martin reports higher sales on strong defence demand
UOI reports 67% surge in Q1 profit before tax to S$8 million, driven by favourable market conditions
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in
Apac Realty enters the Philippines with franchise agreement