Country-specific risk factors becoming more important in H2 2017: Allianz

Singapore

COUNTRY-SPECIFIC risk factors, rather than global macroeconomic news, will become more important to asset-allocation strategies for the rest of 2017.

In its midyear outlook report issued on Thursday, Allianz Global Investors says the global economy has been in a cyclical "sweet spot" for more than a year. But now, actively differentiating between regions and countries will become more important for investors.

"Investors can no longer rely on a rising tide of cyclical data to lift all boats," says Allianz, which has observed a rising tide of strong synchronised cyclical data lifting most asset classes the past year. "We expect that to change: T…