Tag: eastern

  • Allianz GI Sets Eyes on Asias Potential: The Future of Asset Management in Rising Eastern Economies

    Allianz GI Sets Eyes on Asias Potential: The Future of Asset Management in Rising Eastern Economies

    The Asia-Pacific region is becoming a major focus for Allianz Global Investors (Allianz GI) as global growth trends shift eastward. The firm’s CEO, Tobias C. Pross, asserts that Asia remains one of the few regions where structural growth opportunities are still present despite geopolitical challenges and the slowing growth of Western economies.

    Allianz GI’s Growing Presence in Asia

    Allianz GI has been continually expanding its footprint across the Asia-Pacific region, as the firm sees the area’s growth dynamics moving away from conventional Western markets. Pross highlights that whenever growth is discussed in an inflationary context, the Asia-Pacific region stands out prominently.

    The firm has seen a promising start to 2026, reporting approximately €8 billion in net inflows during the first quarter, which has pushed the assets under its management above €600 billion for the first time.

    The company’s recent initiatives include investments in China, Indonesia, and Taiwan, launching new active ETF capabilities, and inaugurating a new office in South Korea. Julie Koo, former Citi executive, has been brought onboard as the Head of Asia Pacific to further strengthen Allianz’s leadership team in the region.

    Investment Opportunities and Market Expansion

    Allianz GI perceives Asia as a long-term source of investment opportunities and client growth, rather than just a distribution market. While some global investors have started to tread cautiously in the China market, Pross affirms that Allianz GI is still dedicated to China, seeing periods of geopolitical uncertainty as opportunities for active managers.

    Allianz GI is also expanding its private markets platform to offer access to infrastructure, private credit, and private equity strategies to a broader range of investors. Pross noted that demand is growing across Asia, as private banks, insurers, and wealthy individuals explore alternative income sources and diversification.

    Furthermore, Allianz GI views artificial intelligence as a significant investment area. The company is developing a global data platform and proprietary large language models to enhance investment research and portfolio management.

    Questions & Answers

    What is Allianz GI’s growth strategy for the Asia-Pacific region?
    Allianz GI aims to expand its presence by investing in key markets such as China, Taiwan, and Indonesia, and by launching new active ETF capabilities. The firm also plans to strengthen its leadership team in the region.

    How does Allianz GI view the China market?
    Despite some investors’ growing caution, Allianz GI remains committed to the China market. The firm believes that periods of geopolitical uncertainty often create opportunities for active managers.

    What role does artificial intelligence play in Allianz GI’s strategy?
    Allianz GI is significantly investing in artificial intelligence. The firm is developing a global data platform and proprietary large language models to enhance its investment research and portfolio management.

  • Easter 2019 trading hours Unveiled

    Easter 2019 trading hours Unveiled

    The Australian Retailers Association expects shoppers to turn out in force to buy Easter-related food and gifts this week.

    According to the ARA, most Easter sales do not occur until the week before Good Friday, which this year falls on April 19.

    Although the Easter trading period is shorter than the Christmas period, it is still recognised as a busy event for retailers, ARA executive director Russell Zimmerman said.

    “As Easter is celebrated widely, many Australians will be heading to retail outlets to buy fresh produce to cater for Easter lunches and feed their friends and families,” Zimmerman said.

    The ARA predicts that sales of traditional Easter items, including hot cross, buns, seafood, fresh produce, liquor and chocolate will increase during this time.

    Bryan Skepper, Sydney Fish Market general manager, said he expects 50,000 people to visit the iconic market on Good Friday and estimates over 650 tonnes of seafood will be sold during the day.

    Skepper said the fish market will open its doors for extended trading hours on Good Friday. It will open at 5am on April 19 and will close at 5pm.

    Steve Plarre, CEO of Ferguson Plarre Bakehouses, said hot cross buns, unsurprisingly, are top-sellers during the Easter period.

    He said the last few years have seen a rise in the sale of their raspberry and white chocolate and apple and cinnamon varieties.

    Restrictions on trading during the Easter period, which begins on Good Friday and lasts until Easter Monday, vary by state. The National Retail Association has provided the following information on trading restrictions:

    ACT

    There are no trading restrictions any day from April 19-22.

    Northern Territory

    Trading hours are not regulated in the Northern Territory, however, individual restrictions may apply to certain shopping centres based on centre management.

    Trading hours for the sale of liquor products are regulated.

    NSW

    Shops are closed on Good Friday, April 19, and Easter Sunday, April 21, except for small shops and exempt shops, and shops in exempt areas.

    There are no trading restrictions on Saturday, April 20, or Monday, April 22.

    Queensland

    Independent retail shops are closed on Good Friday except if they are a predominantly food and/or grocery store, which can trade unrestricted. There are no restrictions from April 20-22.

    Non-exempt shops must not open on Good Friday. Trading may be permitted for non-exempt shops in certain areas of Queensland on the other public holidays during the Easter period.

    Tasmania

    Shops are closed on Good Friday, April 19, but are open from April 20-22.

    South Australia

    Shops in the CBD tourist precinct are closed on Good Friday, April 19. Trading is permitted on Saturday, April 20, until 5pm, and between 11am and 5pm on Sunday, April 21, and Monday, April 22.

    Shops in the Greater Adelaide Shopping District are closed on Good Friday, April 19, and Easter Sunday, April 21. Trading is permitted on Saturday, April 20, until 5pm, and between 11am and 5pm on Monday, April 22.

    Shops in Proclaimed Shopping Districts, excluding shops selling hardware, building materials, furniture floor coverings and motor vehicle parts and accessories, are closed from April 19-22.

    Trading is permitted for the exempted categories listed above on Saturday, April 20, until 5pm, and between 9am and 5pm on Sunday, April 21, and Monday, April 22. These shops are closed on Good Friday, April 19.

    Victoria

    Shops are closed on Good Friday, April 19, except for exempt shops. There are no restrictions on trading from April 20-22.

    WA

    Shops are closed in the Perth metro area on Good Friday, April 19, and trade is permitted on Saturday, April 20, between 8am to 5pm. On Sunday, April 21, trade is permitted between 11am to 5pm, and on Monday, April 22, trade is permitted between 8am to 6pm.

    Outside of the Perth metro area, shops are closed on April 19-22, except for Saturday, April 20, when trade is permitted between 8am and 5pm.