NGAM: Advisers take new approach to risk management

The traditional investor portfolio comprising 60% assets in equities and 40% in fixed income does not effectively mitigate risk in today's volatile economic environment, according to a poll of 178 UK-based advisers. More than half of the participants (52%) said they felt that a traditional 60/40 portfolio was no longer the best way to pursue returns and manage investment risk for most investors. This compares with just 8% who still believe it is. Nearly half of advisers (46%) said they felt there was a need to replace traditional diversification and portfolio construction techniques w...