Investment Forum insights: short-termism,  risk-aversion among today's top risks

Investment Forum insights: short-termism, risk-aversion among today's top risks

Twice a year, the Investment Forum offers a platform for our investors and strategists to share the ideas and opinions that inform our long-term strategy – and help clients make appropriate investment decisions. Here are a few highlights from our day of discussion and debate at our January event in Hong Kong.

January 2019

Neil Dwane

“Investors can be uncertain where to move in today's markets, but taking risk off the table altogether can be too risky an option. This approach has the potential to harm purchasing power over time, and it ignores the good opportunities that we think still exist.”

Neil Dwane Global Strategist

Findings from our Hong Kong Investment Forum

Economic growth around the world is getting patchier, yet active investors can still find opportunities by focusing on the fundamentals.

  • Debt seems to be the biggest long-term problem facing the global economy, but politics and trade uncertainty may create the most volatility in the coming year
  • A trade war could cripple current supply chains, but a “tech cold war” between the US and China could be a bigger issue, creating two competing tech eco-systems
  • Our Investment Forum conclusions stress the importance of active investing, long-term planning and a counter-cyclical approach; ESG can also help identify quality, scope for improvement and potential value appreciation

For more on the Forum's findings, take a look at Neil Dwane's in-depth analysis:



Go inside our Hong Kong 2019 Investment Forum

Our investment experts recently met in Asia’s financial capital to explore the risks and opportunities in today’s patchy global economy. While political uncertainty and a potential US-China “tech cold war” are concerns, China is still an asset class in its own right – and the “hunt for income” can bring benefits to portfolios.



  • Hong Kong Investment Forum 2019 Themes and Conclusions


  • To Navigate recession Fears and patchy Growth, invest wisely
  • China is an Asset Class in its own Right
  • Trump and Brexit aren’t the only political question marks
  • A ‘Tech Cold War’ could be more significant than a Trade War
  • 5 Ideas for positioning Portfolios


Investing involves risk. There is no guarantee that actively managed investments will outperform the broader market. Infrastructure-related investments involve sector and concentration risk, particularly greater exposure to adverse economic, regulatory, political, legal and liquidity 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 document does not constitute investment advice or a recommendation to buy, sell or hold any security and shall not be deemed an offer to sell or a solicitation of an offer to buy any security.

The views and opinions expressed herein, which are subject to change without notice, are those of the issuer or its affiliated companies at the time of publication. Certain data used are derived from various sources believed to be reliable, but the accuracy or completeness of the data is not guaranteed and no liability is assumed for any direct or consequential losses arising from their use. The duplication, publication, extraction or transmission of the contents, irrespective of the form, is not permitted.

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 Distributors LLC, distributor registered with FINRA, is affiliated with Allianz Global Investors U.S. LLC; Allianz Global Investors GmbH, an investment company in Germany, authorized by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Allianz Global Investors (Schweiz) AG, licensed by FINMA ( for distribution and by OAKBV (Oberaufsichtskommission berufliche Vorsorge) for asset management related to occupational pensions in Switzerland; 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.