(Bloomberg) -- Allianz SE, Europe’s biggest insurer and asset manager, warned that stock-market turmoil may follow 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 published on Thursday. Holger Ullrich, a spokesman for Allianz, confirmed the comments.
An executive at Pacific Investment Management Co., which Allianz owns, also said Thursday that markets may get more volatile should Greece leave the euro area. Europe’s equity benchmark, the Stoxx Europe 600 Index, has surged 19% in 2015 amid quantitative easing by the European Central Bank and record low bond yields.
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