Schroders CIO calls for asset allocation evolution in wake of credit crunch

Speaking on the third anniversary of the credit crunch, Brown believes the developed world is likely to see lower growth than previously experienced, with investment returns modest for the foreseeable future. He says this will force both retail investors and pension funds to take a more dynamic approach to asset allocation. “One of the lessons of the credit crunch, and of the last decade to be honest, has been that there is no place for the traditional, static asset allocation,” he says. “Assets need to be viewed differently. A lot more thought should go into asset allocation. In h...