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19 Years of Industry Experience |
New York, New York
Ms. Mahajan is the US investment strategist and a director with Allianz Global Investors, which she joined in 2017. As a member of the Global Economics and Strategy team, she is responsible for providing US retail and institutional clients with differentiated investment thought leadership. Ms. Mahajan is also a key spokesperson, communicating – both internally and externally – the firm’s high-conviction investment ideas and views from the Global Policy Council. Ms. Mahajan was previously a fixed-income portfolio manager, a structured-finance product specialist and a global market strategist at MetLife. Prior to this, she was an emerging-market strategist at Mirae Asset Global Investments; she also worked at hedge fund companies Para Advisors and Ziff Brothers Investments. Ms. Mahajan has a B.S. in economics from The Wharton School, The University of Pennsylvania; a B.A.Sc. in computer sciences from the University of Pennsylvania; and an M.B.A. from Harvard Business School.
With equities rallying more than 30% since late March, driven most recently by cyclicals, financial markets were perhaps due for a period of consolidation. New risks could emerge, but we continue to believe in the ongoing economic reopening story – so cyclical sectors may remain market leaders in the near term. Markets could be supported further as elevated levels of cash are put back to work.
In this Q&A, Mona Mahajan, US Investment Strategist, and Peter Lefkin, SVP, Governmental and External Affairs, evaluate COVID-19’s impact on the economy, politics and markets as the US approaches its presidential election in November.
Around the world, lockdowns and quarantines are slowly lifting, but consumers and business activity remain fragile. We believe investors should play both offense and defense during this new “reopening” phase. On offense, the tech sector will likely remain a leader, but select high-yield and convertible bonds and cyclical sectors (parts of energy and financials) could also outperform. On defense, consider consumer staples and healthcare, which are well-positioned for a post-coronavirus world.