Core Viewpoint - The current global inflation is in a moderate range, allowing for a loosening of monetary policy, but the market still faces multiple uncertainties, particularly geopolitical risks. A diversified global asset allocation strategy is recommended to capture structural opportunities while managing risks [1]. Group 1: Global Economic Outlook - Major economies are expected to maintain stable growth this year, providing a solid foundation for global equity assets to continue rising [1]. - Non-U.S. markets are showing relative attractiveness, with non-U.S. stocks outperforming U.S. stocks in the first three quarters of the year, potentially due to declining trust in U.S. dollar assets [1]. Group 2: Fixed Income and Emerging Markets - The Federal Reserve's restart of the rate-cutting cycle presents capital gain opportunities for long-term U.S. Treasury bonds, while narrowing credit spreads enhance the investment value of U.S. investment-grade credit bonds [2]. - Emerging market dollar bonds are also attractive under a generally optimistic macro backdrop [2]. - Historically, rate cuts by the Federal Reserve have often led to positive performance in global equity markets, with emerging markets showing higher upward elasticity compared to others [2]. Group 3: Investment Strategy - A diversified global asset allocation strategy is deemed prudent in the face of ongoing market uncertainties, focusing on both equity fundamentals and defensive assets like bonds and gold to hedge risks [3]. - The strategy aims to reduce single-market risks and find investment anchors to navigate through market cycles [3].

Group 1 - The core viewpoint of the articles highlights the diversification of QDII (Qualified Domestic Institutional Investor) funds, with new products targeting the Brazilian market, marking an expansion into Latin America for Chinese investors [2] - QDII funds have shown strong performance, with an average net value growth of 62.42% over the past three years, and 36 specific funds have seen net value increases exceeding 100% [2] - The variety of QDII products has increased significantly, now including equity, bond, REITs, commodity, and mixed types, reflecting a shift in investor sentiment towards global asset allocation [4] Group 2 - Morgan Asset Management emphasizes the importance of global diversified asset allocation in the face of ongoing market uncertainties, suggesting a balanced approach that includes equities, bonds, and defensive assets like gold [3] - The current trend shows that QDII funds are extending their investment reach beyond traditional markets like the US and Hong Kong to include Europe, Southeast Asia, the Middle East, and Latin America [4] - As China's capital market continues to open up, it is expected that QDII products will become more diversified and refined, catering to the personalized and global asset allocation needs of investors [4]