German Government Bonds in ‘Bubble Territory,’ Allianz Says
- Insurer aims to slightly increase its corporate bond portfolio
- Renewable energy, infrastructure currently attractive: Gruber
Bunds: The Only Game in Town, Says Diebel
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German government bonds are in “bubble territory” and Allianz SE plans to raise its corporate debt holdings, Chief Investment Officer Andreas Gruber said in an interview.
“Allianz never really was a strong investor in German government bonds,” said Gruber, who oversees 638 billion euros ($720 billion) of investments. “There always were plenty of better alternatives in the sub-sovereign, corporate and non-euro-denominated fixed income markets.”