KKR：2025年全球宏观经济趋势与资产配置策略研究报告：动态学习的艺术（英文版）

With a whirlwind of recent developments — post-U.S. election tax debates, ‘Liberation Day’, and travels both abroad and at home in early May—we think it makes sense to update what we have been learning, especially as it relates to our Regime Change thesis. One learning involves the role of international bonds, including investors’ increased desire to own more non-U.S. fixed income, alongside more private market Alternatives, that can help to further diversify a portfolio. Another key area whe