Andreas Utermann, global CIO of Allianz Global, told CNBC, "If you take yourself back to 1979, the Dow had just re-conquered 1000, it hadn't really had any returns for the last 15 to 20 years and clearly the question was are equities ever going to earn their risk premium again and if you look at the last 10/15 years the same question is being asked again."
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