Navigating Cross-Asset Strategy Amid Inflation and Policy Shifts

This monthly cross-asset strategy report provides Allianz Global Investors’ perspective on macroeconomic trends and portfolio positioning.

• Inflation remains sticky, prompting central banks to maintain a cautious stance, with divergent policy paths across regions.

• Equities face valuation headwinds, but selective opportunities persist in quality and defensive sectors.

• Fixed income offers renewed appeal, particularly in high-quality credit and duration as yields stabilize.

Investors are encouraged to explore the full report for deeper insights into asset allocation strategies designed to balance risk and return in an evolving market environment.