BlackRock, the world’s largest asset manager, suggests investors should abandon portfolios made up of 60 per cent stocks and 40 per cent bonds, a mix that has been a standard for six decades.

This comes after the worst year for so-called 60:40 portfolios on an inflation-adjusted performance since the Great Depression. Moreover, in only one of the seven years since 2015 did either of the two asset classes offset losses in the other, and that was in the upside-down year of 2020 when a global pandemic struck.

Bloomberg