Skip to main content.
Home / Virtus Viewpoints / Q2 AllianzGI Market Review & Outlook - Income & Growth

Q2 AllianzGI Market Review & Outlook - Income & Growth

Revenue Growth and Corporate Profitability Should be Strong as Economy Continues to Grow

The three asset classes – U.S. equities, convertible securities, and high-yield bonds – utilized in the Income and Growth strategy advanced in the second quarter. The Russell 1000® Growth Index returned 11.9%. The ICE BofA U.S. Convertibles Index and ICE BofA U.S. High Yield Index returned 3.9% and 2.8%, respectively. By way of comparison, the 10-year U.S. Treasury returned 3.2% and the S&P 500® Index gained 8.6%.

Investors weighed stronger-than-expected first-quarter earnings results, positive second-quarter guidance, and a robust economic recovery against rising inflation and the timing of
future monetary policy adjustments.

z - Cover Image: AllianzGI Income and Growth Market Review & Outlook

The commentary is the opinion of the subadviser. This material has been prepared using sources of information generally believed to be reliable; however, its accuracy is not guaranteed. Opinions represented are subject to change and should not be considered investment advice or an offer of securities.

All investments carry a certain degree of risk, including possible loss of principal.

Past performance is not indicative of future results.