Low rates to persist, drive quest for yield -Allianz Life CEO
June 29, 2021 by Alwyn Scott
NEW YORK, June 22 (Reuters) – U.S. interest rates likely will stay relatively low with ample cash in the financial system for the foreseeable future, the head of Allianz Life (ALVG.DE) said, despite Federal Reserve comments that sent stock prices tumbling last week.
A gradual rate rise and slow withdrawal of excess liquidity would put emphasis on alternative assets, which are a growing part of Allianz’s investment portfolio, said Walter White, chief executive officer of Allianz Life, speaking in an interview that aired on Tuesday for the Reuters Future of Insurance U.S.A. conference. To see the video, click: https://vimeo.com/566058091/f1df8990e4