Global Integration in Asset Allocation Strategy

As a portfolio manager for a global investment firm, you are tasked with reviewing the asset allocation strategy for a client's internationally diversified portfolio. The client is concerned about the impact of recent geopolitical events and economic developments across various regions on their investments.

Discuss how you would approach the global integration of asset allocation for this client's portfolio. In your response, explain the importance of considering different regions' economic cycles, the impact of currency fluctuations, and the role of diversification in managing risk. Provide specific recommendations for asset classes and regions based on the current global economic landscape.