Allianz assets up as PIMCO and AGI record net inflows
Bloomberg
Total assets under management at Allianz Group grew 1.8% in the first quarter of the year to €2.43 trillion ($2.85 trillion), driven by net inflows and positive foreign exchange impacts.
Assets increased 14.1% from €2.13 trillion as of March 31, 2020.
The insurance group said in an update Wednesday that third-party assets under management grew 3.7% in the quarter to €1.78 trillion. Total net inflows were €37.8 billion in the quarter, compared with €28 billion in net inflows in the fourth quarter of 2020 and €46.4 billion in net outflows in the first quarter of 2020.
Total market and dividend impacts detracted €20.7 billion in the quarter, vs. a negative impact of €107.6 billion in the first quarter of 2020. Fourth quarter figures were not available.
New York: Investors are about to get a snapshot of any price pressures building across the developing world the fallout of the unprecedented stimulus that’s been unleashed to revive the global economy.
Heavyweights including Brazil, China and India will report inflation data this week against a backdrop of quickening growth that’s being fueled by months of easy money and fiscal largess.
Citigroup Inc’s inflation-surprise index for emerging markets spiked last month to its highest since 2008, a sign that investors may be underestimating the scale of the resurgence.
Long the scourge of debt holders and a threat to currency stability, accelerating inflation has already forced policy makers in Brazil and Russia to raise borrowing costs. The Czech central bank last week signaled it could follow suit in mid-year, while Turkey’s monetary authority has pledged to keep rates elevated until there is a significant slowdown in price gains.
Investors are about to get a snapshot of any price pressures building across the developing world the fallout of the unprecedented stimulus that’s been unleashed to revive the global economy. Heavyweights including Brazil, China and India will report inflation data this week against a backdrop of quickening growth that’s being fueled by months of easy money and fiscal largess. Citigroup Inc.’s inflation-surprise index for emerging markets spiked last month to its highest since 2008, a sign that investors may be underestimating the scale of the resurgence. Long the scourge of debt holders and a threat to currency stability, accelerating inflation has already forced policy makers in Brazil and Russia to raise borrowing costs. The Czech central bank last week signaled it could follow suit in mid-year, while Turkey’s monetary authority has pledged to keep rates elevated until there is a significant slowdown in price gains.
MONEYWEB
app instead?
With Pimco standing firm. 08:26
Image: Bloomberg
Investors are about to get a snapshot of any price pressures building across the developing world the fallout of the unprecedented stimulus thatâs been unleashed to revive the global economy.
Heavyweights including Brazil, China and India will report inflation data this week against a backdrop of quickening growth thatâs being fueled by months of easy money and fiscal largess. Citigroup Inc.âs inflation-surprise index for emerging markets spiked last month to its highest since 2008, a sign that investors may be underestimating the scale of the resurgence.
INSIDERGOLD
Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.
(Bloomberg) Investors are about to get a snapshot of any price pressures building across the developing world the fallout of the unprecedented stimulus…