Allianz Smart Global Equity Active UCITS ETF Accum USD · LSE:AZGQ
Allianz Smart Global Equity Active UCITS ETF Accum USD — Allianz Global Investors — Investor Presentation (January 2024)
10 slides from Allianz Smart Global Equity Active UCITS ETF Accum USD's investor presentation, January 2024
Slide 1: Outlook 2024: targeting opportunities
Outlook 2024: targeting opportunities Rewards for taking risk again? January 2024
Slide 2: Overall 2024 outlook
Overall 2024 outlook We expect lower growth and “higher for longer” rates • Inflation may take time to fall within central banks’ 2% targets • Megatrends underpin higher long-term inflation: demographic changes, decarbonisation, deglobalisation • Interest rate cycle turning: markets anticipate major
Slide 3: What do higher rates mean for equities?
What do higher rates mean for equities? We think quality companies will survive and may even thrive • As money has a cost again, be selective; performance varies across regions, sectors, and assets • Avoid zombie firms sustained by low rates, especially in Oil & Gas, Natural Materials, and Healthcar
Slide 4: How can investors harness technological trends?
How can investors harness technological trends? We see opportunities in AI and beyond • Artificial intelligence (AI) should eventually boost productivity growth – but it may take time • Speed that which firms integrate AI will determine their success or failure By 2030, the • Diversify beyond AI com
Slide 5: Are bonds back?
Are bonds back? We think fixed income looks set to easily outperform cash • Fixed income is a compelling proposition again: lower inflation, weaker growth, tighter policy signal strong future performance for bonds • US: we can begin to look forward to interest rate cuts • Europe: we’re more cautious
Slide 6: Is there value outside public markets?
Is there value outside public markets? We see renewed opportunities in private markets • Mix of higher rates and durable trends like energy transition create opportunities in private market assets • Valuations and conditions may be similar to the post-crisis years of 2009-10 • One compelling opportu
Slide 7: How can investors navigate geopolitical and macro risks?
How can investors navigate geopolitical and macro risks? Global uncertainties favour a dynamic investment approach • Volatility due to global uncertainty (wars, trade tensions, economic divergences): diversification is crucial • 60:40 portfolio recovered somewhat after 2022 slump. Consider alternati
Slide 8: Discover more insights
Discover more insights Outlook 2024: targeting opportunities Our flagship investment publication includes a macro overview, plus asset-class-level viewpoints and actions from our Global CIOs Macro view: slower growth – better returns? Equities: quality counts Fixed income: back in the game Multi ass
Slide 9: Disclaimer
Disclaimer Investing involves risk. The value of an investment and the income from it will fluctuate and investors may not get back the principal invested. Past performance is not indicative of future performance. This is a marketing communication. It is for informational purposes only. This documen
Slide 10: Allianz Global Investors
Allianz @ Global Investors
Allianz Global Investors — Investor Presentation (January 2024) on 6ix