27.02.2026 • 6 Min.

US equities have consistently outperformed global peers – that’s why they’re at the core of investment portfolios worldwide. But past performance is becoming less bankable, especially when policy risk, concentration and valuation premia are taken into account. In this episode, we look at how to invest in a fragmenting world, with AI Assistants Aria and Arlo. Read the full report: https://www.allianz.com/en/economic_research/insights/publications/specials_fmo/260213-US-fragmentation.html This content was generated by AI with the oversight of Allianz Research.