The heralded death of 60/40 and multi-asset's adaptation

Over the past thirty years, investors have grown used to a uniquely benign investing environment: low inflation has allowed lower interest rates and bond yields, which in turn has pushed up stock market returns. A balanced 60/40 portfolio has been just about the perfect approach - both asset classes have performed well, while remaining only lightly correlated to each other. However, every speaker on PA's multi-asset roadshow agreed that today's environment may require a very different strategy. The environment has persisted for so long that many investors have never experienced anything ...