Allianz is a leading global composite insurance company. Earnings remained resilient throughout the COVID-19 pandemic, primarily due to its diversified and defensive business model. Reflecting a strong capital position, Allianz was one of the few European financial companies in a position to pay dividends in 2020. The team believed that the COVID-related claims of 2020 will not recur and price increases could support future profitability.
The team bought and sold this idea three times as part of the Best 8 basket over a 14 month period, generating strong trading profits each time. Best 8 offers a unique opportunity to place capital with our dedicated Active Trading Desk, who will select and trade up to 8 names that represent the top global stock ideas picked by Goodbody’s investment professionals. This example shows how the team can target the highest potential stocks while employing strict money management principles and an intense focus on news and market flow in real time.
|Stock||Buy Date||Sell Date||Profit*|
|Allianz||08 August 2019||21 October 2019||9.3%|
|Allianz||21 April 2020||03 June 2020||16.4%|
|Allianz||13 October 2020||13 November 2020||13.5%|
Warning: Past performance should not be taken as an indication or guarantee of future performance.
Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in this product you may lose some or all of the money you invest.