Allianz Global Investors, USD650bn under management, is wary of US investment:
“For investors, the message is clear: The US may no longer offer the reliable investment runway it did just months ago.” “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.”Bloomberg (gated) carries the story. Bloomberg is gated but the 'in a nutshell' message from Allianz is that "European asset managers still have to contend with a new level of uncertainty and volatility that may ultimately force them to turn elsewhere".
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I doubt this is going to surprise anyone. When you are managing money you have an obligation to ensure capital preservation as bet you can, as well as return on investment. Chaotic policy making is not helping with this.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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