Allianz Global Investors (AllianzGI) assesses that the global economy\nis still showing resilience amid successive geopolitical and global\neconomic pressures. Although there are no signs of significant global\neconomic weakening in the short term, investors are advised to adopt a\nmore selective and active investment strategy to navigate market\ndynamics in the second half of 2026.<\/p>\n
According to AllianzGI\u2019s Chief Investment Officer (CIO) team, global\nuncertainty is still influenced by several factors, ranging from\npersistently high oil prices and inflation remaining above target in\nmost developed countries, to the potential for increased volatility\nahead of the midterm elections in the United States.<\/p>\n
\u201cAfter being briefly disrupted by US tariff policies, geopolitical\nconditions in the Middle East are now beginning to show stabilisation.\nHowever, a number of factors still need to be watched by investors,\nincluding energy prices, inflation, and political dynamics in the US\nwhich could affect market sentiment,\u201d the AllianzGI CIO team stated in\nits Q3 2026 House View report.<\/p>\n
In this situation, AllianzGI believes that an investment approach\nrelying solely on market beta is no longer sufficient to generate\noptimal returns. Going forward, the ability of investors to select\ncountries, sectors, and investment instruments will be a primary factor\nin determining portfolio performance, alongside the ability to adapt to\nchanging market conditions.<\/p>\n
From an asset class perspective, AllianzGI sees attractive prospects\nfor value equities, particularly in a market still driven by\ndevelopments in Artificial Intelligence. This segment not only offers\ndiversification benefits but also has the potential to be supported by a\nhigher-for-longer interest rate environment, reflecting a shift in\ninvestor focus back to corporate fundamentals. \u201cAlthough geopolitical\nconditions remain fraught with uncertainty, we maintain a positive view\non equity markets, especially from a systematic rather than fundamental\nperspective, with a preference for the US and emerging markets over\nEurope and Japan,\u201d the team added.<\/p>\n
In fixed income, AllianzGI is observing a significant rise in core\ngovernment bond yields. Under these conditions, the firm believes that\nactive management of government bond exposure and a focus on\nhigh-quality credit instruments can help mitigate market volatility. The\nteam also expressed optimism regarding long-dated Peruvian government\nbonds with a 15-year tenor and Brazilian government bonds with a 10-year\ntenor in local currency.<\/p>\n
Furthermore, AllianzGI remains optimistic about gold as a\ndiversification instrument amid growing market attention on central bank\nindependence and the outlook for the US dollar. The firm also maintains\na positive view on commodities with a long position as a key\ndiversification tool within portfolios. \u201cIn market conditions full of\nuncertainty, the use of options strategies can enhance portfolio\ndiversification,\u201d the AllianzGI CIO team concluded.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/global-markets-remain-resilient-asset-selection-key-amid-uncertainty-1783101031", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }