Home |

After multi-billion U.S. fund collapse, Germany’s Allianz eschews risk for safe bonds

Exclusives | Europe

After multi-billion U.S. fund collapse, Germany’s Allianz eschews risk for safe bonds

14 February 2023, 12:00 am

1 min read

Reuters was first to report that Allianz (ALVG.DE), one of the world’s biggest investors, is moving to shun “alternative” investments, including property, wind farms and even London’s sewage system, in favor of traditional bonds. The German company’s new approach comes amid a sea-change in the investment environment, with central banks raising interest rates to clamp down on runaway inflation, prompting higher yields on mainstream assets.