Adjusting Global Asset Allocation Strategy

Maria is a portfolio manager at a global investment firm, and she is in the process of adjusting her firm’s global asset allocation strategy. She is analyzing the economic conditions in different regions and their potential impacts on equity and fixed income markets. Recently, Maria noted that developed markets are experiencing low growth and low interest rates, while emerging markets are displaying higher growth rates and increasing interest rates. Maria recalls her firm's historical performance, which suggests that higher allocations to emerging markets have often resulted in superior returns over the long term but come with increased volatility.

Based on this analysis, Maria is considering which asset allocation adjustment to make. What should be the most appropriate global asset allocation decision for Maria?