U.S. risks losing ‘reliable investment’ status, Allianz GI manager says
Inside one of the largest asset managers in Europe, there is increasing concern that the Republican efforts of bowel legislation that supports major industries such as clean energy may lead to the loss of the United States as a destination for the invested capital.
“For investors, the message is clear: the United States may no longer provide trusted investment runway just months ago,” said Alex Pepani, a wallet manager in London at Allianz Global Investors, who oversees about 650 billion dollars in assets.
The Republican decision in the House of Representatives to pass a tax bill would get rid of many incentives contained in the law to reduce inflation for 2022, threatening to raise investment strategies based on the transfer of clean energy. Bibani said that even if the Senate votes to prevent some of the proposals of the House of Representatives, European asset managers still have to face a new level of uncertainty and volatility that may eventually force them to fate to another place.
He said: “The economies of the project, the obligations in the supply chain, and capital flows may now go towards more stable judicial states such as Canada or the European Union, unless clarity is restored quickly.”
It is the newest wedge that divides Europe, where emissions are established in law and the United States, as the Trump administration launched a full attack on zero policies. The draft law, which was agreed by Republicans in the House of Representatives, is “worse than fear” for investors committed to energy transmission strategies, according to the arrows of the stocks in Jeffrez.
Bebiani said that if the Senate approved it, the cancellation of the Irish Republican army “will lead to a sharp opposite in the US clean technology policy.” This would pump “the great organizational and political risks in the market, undermining political certainty and the ability to predict the financial prediction that made the United States the leading destination in the world of clean capital after the Irish Republican Army.”
The S& P 500 index decreased last week, while the return on US Treasury bonds, which lasted 30 years, increased to 5.1 %, as markets digested news about the Republican law, amid estimates that they will add trillion dollars to the deficit. After that, President Donald Trump ended the week by injecting more uncertainty in the market during the escalation of the tariff war with the European Union, and he even announced that he was “not looking for a deal.” The dollar fell.
Enemy in the United States has already sent energy transmission policies through the European investment circles, as these strategies are a major driver for flows. Amundi SA, the largest asset manager in Europe, said last month that she was witnessing evidence that customers were “greatly re -placed” to avoid the American market, amid concerns about everything that there was no supervision to the deterioration of major climate policies. The UBS AG group also said it was aware of the large flows of boxes circulating in the exchange of stocks.
Tyler Christie, who previously invested in the climate and energy transition at Blackrock Inc. said. As part of its partners in the reinstalling operations with Temasek Holdings PTE, anxiety is now “severe fluctuations in US policy creates the uncertainty that extends through the financial system.” At the same time, it can be said that “European policy is more compatible and predicted than ever” because it addresses “existential challenges on energy, security and resources.”
The result is that asset managers, in Europe and the United States, “have started directing more capital to European projects where they can see politics more consistent and enhanced through basic demand.”
“Hamshammer”, the Republicans in the House of Representatives to the Irish Republican Army “are just another example of new fluctuations and uncertainty in the United States’ policy.”
This story was originally shown on Fortune.com
2025-05-25 15:25:00
