At Allianz Global Investors, fund managers are starting to talk up the beginning of an age of "the New Normal", in which global markets will be shaped by four key trends: global growth will be led by emerging economies, and investors around the world will see the re-emergence of inflation, restrained economic growth and more frequent market shocks.
Against the backdrop of these market forces, Allianz GI says only one thing will go up in times of crisis -- correlation -- and that the traditional method of asset divlaersification has become less meaningful. Investors should more ...