Europe’s Top Asset Manager Says Stock-Market Crash Possible
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Allianz SE, Europe’s biggest insurer and asset manager, cautioned investors against possible turmoil in the stock markets after a recent rally.
“We see generally meager growth prospects, political dangers and risks of a stock market crash,” Oliver Baete, board member and designate chief executive officer, said in an interview with Germany’s Manager Magazin on Thursday. Holger Ullrich, a spokesman for Allianz, confirmed the comments.