Allianz Global Investors, one of the world’s leading active asset managers, announced today the appointment of Matt Christensen as Global Head of Sustainable and Impact Investing. In this role, he will accelerate the growth of Impact Investing as part of the company’s growing private markets platform; lead the continued integration of ESG factors across AllianzGI’s existing range of public markets products, including stewardship activities; and support the development of new SRI products.
Martin is a Senior Economist and member of Allianz Global Investors’ Global Economics & Strategy team. His main focus is on macro based asset allocation and economic analysis as well as fixed income and FX markets.
He previously worked at Cominvest and Deka as a global fixed income portfolio manager and was Head of Fixed Income and Money Markets at SEB Invest Germany. He graduated with a master’s degree in business administration from the University of Siegen and is a CFA charterholder since 2003.
Inflation can significantly erode purchasing power, but the ECB may be underestimating the true increase in consumer prices by relying on a narrow measurement. Investors may want to ready their portfolios for a higher rate of real-world inflation in the euro zone, perhaps by employing an actively managed mix of equities, real estate and commodities.
The jury is still out on whether official CPI indices over- or underestimate inflation, but the latter would have consequences that reach far beyond consumers. Key macroeconomic data might be inaccurate, public spending could be too low and investors could suffer from the “stealth devaluation” of important assets.