Amundi CIO Blanque says equities remain the asset class to hold

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Pascal Blanque, Chief Investment Officer of Amundi, attends Euronext’s annual conference in Paris, France, January 14, 2020. REUTERS / Benoit Tessier

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LONDON, Dec. 6 (Reuters) – Equities remain the asset class to hold and selling emerging market assets is exaggerated, Amundi group IT director Pascal Blanque told the Reuters Investment Summit on Monday.

“On the equities side, equities for me are the asset class with some limits,” Blanque said. “There are limits to the TINA mantra (there is no alternative), it is a little parent.”

Amundi is the leading asset manager in Europe in terms of assets under management.

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The fate of real or inflation-adjusted rates was important next year, Blanque said, reiterating his belief that central banks would lose control of government bond yield curves.

With inflation turning out to be more rigid than expected, many major central banks have started to scale back the massive stimulus measures triggered when the COVID crisis erupted last year.

Blanque added that the emerging market sell-off was exaggerated and expected a rebalancing of the portfolio.

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Reporting by Dhara Ranasinghe and Sujata Rao

Our Standards: Thomson Reuters Trust Principles.

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