Allianz Global Investors

Join us in the upcoming #SuperReturn International event in Berlin Intercontinental from 2-6 June 2025, where our investment team will discuss our wide range of capabilities in private credit covering global private credit secondaries, Asia private credit, and private equity, for example. 💡Explore strategies to unlock the potential on AllianzGI private credit’s competitive advantage and unique position for portfolio diversification and liquidity opportunity, alongside 5,500+ decision-makers, 1,800+ LPs, and 2,700+ GPs. Event detail here: https://ow.ly/kYN850VyPbl 📅 Email us at events@allianzgi.com to secure your appointment spot with our investment team or to sign up for the 2 June AllianzGI Get Together event at China Club Berlin Sebastian Schroff | Joaquin Ardit | Anselm Feigenbutz | Marc Smid | Nadia Nikolova | Alexandra Tixier | Wee Kii Teh | Michael Lindauer | Johannes Wendt #PrivateCredit #Secondaries #PrivateDebt #PrivateCapital #PrivateMarkets For fund distributors and professional investors only.

Today’s infrastructure is in need of significant updates. This includes communication networks, public transport, roads, and buildings as well as modernising the energy infrastructure to support decarbonization efforts. However, large-scale projects need more capital like for the build-out of electricity grids which require tens of billions of new equity capital. In Germany, the special infrastructure fund or so-called “Sondervermögen” is a significant step towards the modernisation of infrastructure. But how should it be used and how can institutional investors contribute to the investment in our infrastructure? Find out more here: https://ow.ly/CUhL50VyOeE #Infrastructure #privatemarkets | Michael Pfennig *For fund distributors and professional investors only. Investing involves risk.

Will President Trump’s tariffs make America great? Time will tell. Regardless of the president’s goals, for investors, his trade war has created whiplash. Stepping back, President Trump’s bigger focus might be the 2026 midterm elections. He wants the economy to accelerate before electioneering begins in January. Read more about this in “The Week Ahead” 👇 #navigatingrates #tariffs

The spike in Treasury yields is noteworthy because in times of market volatility investors usually flock to the relative safe haven of US government debt, pushing yields down. Why are things different this time? #navigatingrates | Michael Krautzberger | Ranjiv Mann

Amid high volatility and a barrage of policy announcements by the new US administration, the first quarter of 2025 has been an interesting one to navigate. In this environment, we consider short-duration opportunities to be a potentially attractive diversifier to investor portfolios. #navigatingrates #emergingmarkets

At AllianzGI, we invest and manage in infrastructure from debt to equity. Our portfolio spans from hospitals, green hydrogen initiatives, battery-powered trains and road projects or the London Super Sewer to data centres and fibre roll-out. Investing holistically across all 3Ds of infrastructure – Decarbonization, Digitalisation, and Demographics – is essential to creating the infrastructure of tomorrow like these investments – from Colombia to Norway, from the US to Italy. ICYM our Real Asset series and wanted to gain insights into some of our global investments: check out the video featuring all 14 assets of the series below. #infrastructure #realasset #privatemarkets #allianz *For professional investors only. Investing involves risk. Marketing Communication

*Navigating a 'watershed moment' for markets Markets have fallen sharply as US reciprocal tariffs raise fears of stagnating growth, rising inflation and the unravelling of three decades’ worth of economic consensus. How are we as investors responding? Read more ->https://ow.ly/rNry50VwiZu Key takeaways: 🔹 The market sell-offs in recent days reflect deteriorating prospects for the global economy: we think, in an extreme scenario, a full-blown trade war could shave up to 5.5% off global output over the medium term, while pushing inflation higher by 1.5% to 3%. 🔹 The risk of a US recession and potentially “stagflation” have risen, though the eurozone could benefit from supportive tailwinds in the medium to long term. 🔹 On China, the immediate tariff impact may be sufficient to wipe off 2% of GDP, with potentially larger implications as Beijing retaliates. 🔹 Look for re-entry points in European equities, where the risk of a stagflationary environment is less acute. #navigatingrates | Gregor MA Hirt | Martin Hochstein, CFA

President Trump’s ‘Liberation Day’ marked a watershed moment for the global economic and trade system. The Volatility Index [VIX] is often called Wall Street's 'fear gauge' and is offering a very dynamic view of the market sentiment at the moment. What is your take on where it may stand at the end of this week? [VIX is the symbol for the CBOE Volatility Index. It is a measure of the level of implied volatility, not historical or statistical volatility, of a wide range of options, based on the S&P 500. This indicator is known as the "investor fear gauge," because it reflects investors' best predictions of near-term market volatility *https://ow.ly/6iaq50VvG1I]

With US President Donald Trump's reciprocal tariffs, alongside increased European defence spending and German fiscal expansion, the environment for European credit is developing fast. In this changing landscape, we summarise which European credit sectors we think have a positive or negative outlook in the coming months, from the perspective of fixed income investing. #tariffs #europeancredit | Carl W. Pappo, CFA

We are hiring a Quant Portfolio Manager (f/m/d) to join our risklab team in Munich! If you have a passion for investment strategy, financial modelling, and bringing innovative portfolio solutions to life, we’d love to hear from you. Come shape the future of quantitative investing with a global team of experts! https://lnkd.in/e7xDDKXJ #QuantFinance #PortfolioManagement #risklab