With low interest rates and higher inflation likely to persist, among other perplexing factors, investors face a number of conundrums. Fixed-income investors are being forced to seek yields outside traditional benchmarks, look across the credit spectrum, and try to capture new opportunities in both public and private credit markets. Emerging markets historically have been another excellent source of diversification, but lately, they have generally underperformed. China, however, offers attractive opportunities in fixed income and equities. How can investors allocate capital to navigate historic uncertainties and changing dynamics in global markets?