'5% of months determined performance'
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The forces at play in investment - most obviously, regulatory change, uncertain markets and shifting demographics - are as strong today as they were when Professional Adviser launched its sister magazine Multi-Asset Review in 2017.
Janus Henderson's multi-asset range
Far from being 'king', argues Justin Urquhart Stewart, cash is an expensive luxury for long-term investors - indeed, most would be better off holding as little as possible and buying equities instead