Allianz Global Investors CIO on a year of 'unimaginable events'

Allianz Global Investors CIO Andreas Utermann has warned investors to prepare for more significant unexpected events in 2015.

Commenting on trading over the last year, Utermann said the most extreme events had been almost entirely unpredicted, suggesting investors could face a similar scenario next year. He said: "After the crash, unimaginable events have continued to happen, so the euro falling to $1 is not impossible. Do not forget, at launch the euro went from $1.16 to $0.82 and then rose to $1.45, so it is not unreasonable for it to fall to $1." Utermann (pictured), who oversees the management of 345bn euros (£274bn) globally, added "financial dynamics are going to be in the same place in 2015 as they ha...