Why the (improved) 60/40 portfolio is back in vogue
From Benjamin Graham to the Yale model, portfolio construction is always evolving. Now that bonds pay income again, diversified portfolios are more robust.
From an investing standpoint, 2022 was a year like no other.
After the sharpest central bank interest rate cycle in many decades and quantitative tightening to contain inflation, 2022 ended with sharemarket falls. Investors couldn’t rely on bonds to cushion the losses of their riskier assets, as they had in past crises.
