Allianz CFO Sees Upside for Equity Markets, Losses on Bonds -Report
13 October 2013 - 7:52PM
Dow Jones News
Insurance Allianz SE (ALV.XE) wants to put more money in equity
markets in spite of the German benchmark DAX index at a record of
8700 points, German weekly Welt am Sonntag reports Chief Financial
Officer Maximilian Zimmerer saying.
The Munich-based insurer recently increased its position in
equities and has 6% of its 500 billion euros in assets under
management in stocks, Mr. Zimmerer said. Allianz has only little
room left to increase that because of regulations.
Mr. Zimmerer expects bonds to decline because the interest-rate
curve is unlikely to remain flat.
Germany's largest insurer by revenue is poised to increase
investments in private-equity funds and infrastructure projects
like wind parks. "I can well imagine us to boost investments
here...to EUR80 billion" from its current EUR55 billion," he
said.
Newspaper website: http://www.welt.de
Write to Frankfurt Bureau at djnews.frankfurt@dowjones.com
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