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With cash yielding zero, investors own equities by default.
He says he does not believe that individuals should try to buy foreign equities by themselves.
Most big European insurers have cut their investment in equities by far more.There are bright spots in Allianz's empire.
Investment managers now do their research on European bonds and equities by sector, rather than by country.
"Over time, fixed income is going to underperform vis-à-vis equities" by three to five percentage points, he predicted.
But they remain cautious, in most cases lifting their allocation to American equities by only a couple of percentage points.
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For periods before fiscal 2000, the company lowered its shareholders' equity by $333 million.
"We got our equity by just letting them steal our technology," he said.
In terms of Return on Equity by 6% in a value-weighted portfolio.
Below, we examine the myths surrounding private equity by revisiting the top 10 leveraged buyout deals.
It is also planning to raise additional equity by issuing new shares and attracting outside capital.
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