How can active managers offer greater value to investors?

27/04/2018

Summary

It’s more important than ever for asset managers to understand their clients’ needs precisely before offering solutions. Allianz Global Investors is focused on solving our clients’ top problems by being more active, focusing more on non-financial ESG factors and making greater use of performance fees.

This material has not been reviewed by any regulatory authorities. In mainland China, it is used only as supporting material to the offshore investment products offered by commercial banks under the Qualified Domestic Institutional Investors scheme pursuant to applicable rules and regulations.

This document is being distributed by the following Allianz Global Investors companies: Allianz Global Investors U.S. LLC, an investment adviser registered with the U.S. Securities and Exchange Commission; Allianz Global Investors GmbH, an investment company in Germany, authorized by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Allianz Global Investors Asia Pacific Ltd., licensed by the Hong Kong Securities and Futures Commission; Allianz Global Investors Singapore Ltd., regulated by the Monetary Authority of Singapore [Company Registration No. 199907169Z]; Allianz Global Investors Japan Co., Ltd., registered in Japan as a Financial Instruments Business Operator [Registered No. The Director of Kanto Local Finance Bureau (Financial Instruments Business Operator), No. 424, Member of Japan Investment Advisers Association and Investment Trust Association, Japan];and Allianz Global Investors Taiwan Ltd., licensed by Financial Supervisory Commission in Taiwan.

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Should you “sell in May and go away”?

by Mona Mahajan | 28/05/2018
Andreas Utermann

Summary

Market indicators point to a more supportive environment for investors who once may have been swayed by the seasonal “sell-in-May” strategy. Here are five ways to potentially benefit from today’s climate of strong fundamentals, healthy earnings growth and accommodative monetary policy.


Key takeaways

  • Despite a hard start, the year is looking up: our research shows that previous sell-in-May periods that followed a weak first quarter were actually largely positive for stocks
  • We believe a US recession is unlikely in the next 12 months; from an economic and earnings perspective, this could be a peak year
  • Mid-term election years in the US have historically caused volatility before November, but they also tend to end on a strong note as uncertainty is removed from the marketplace
  • Five themes to watch: growth stocks could continue outperforming; a shift to value may happen suddenly; small-cap stocks have been making a comeback; high yield looks attractive; alts can help diversification