Group 1 - The core theme of the investment outlook is the restructuring of the global economic landscape, emphasizing the importance of diversified global asset allocation [1] - The geopolitical changes are significantly impacting investment portfolios, with the U.S. seeking reliable supply chain allies and China shifting its economic focus from investment expansion to boosting domestic consumption [1] - The Federal Reserve is in a challenging position, with expectations that it will not lower interest rates this year due to high inflation and uncertain tariff prospects, contrary to market expectations [1] Group 2 - Diversification has become increasingly important, especially as U.S. assets have dominated global portfolios over the past 25 years, with a notable shift expected due to dollar depreciation and capital outflows [2] - Funds flowing out of U.S. assets may find their way into the Eurozone, supported by increased fiscal policies in Germany, while the Japanese yen is seen as attractive due to its valuation and defensive characteristics [2] - Emerging markets are viewed as appealing, with dollar depreciation benefiting emerging market bonds, particularly in Brazil and Mexico, and low valuations in emerging market equities supported by China's advancements in artificial intelligence [2]