Allianz's Dwane: U.S. Stocks to Stagnate Next Decade
- Asset classes are ‘significantly mispriced,’ Dwane says
- Allianz Global Investors has $569 billion in total assets
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There will be "almost no prospective returns" from U.S. stocks over the next decade because the market is fully valued following years of gains, according to the global strategist at Allianz Global Investors, which manages $569 billion.
Low interest rates and bond purchases by central banks have left cash and many other asset classes "significantly mispriced," Neil Dwane said Monday as part of a panel discussion on long-term investing at the Toronto Global Forum.