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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
4 mins to read

The myth of the balanced fund

OPINION: Institutional portfolios rely heavily on a single assumption, that of an inherently negative correlation between bonds and equities. With special feature audio.

Fri, 22 Jan 2016

Institutional portfolios rely heavily on a single assumption, that of an inherently negative correlation between bonds and equities.

It makes these portfolios more fragile than widely believed. In New Zealand, where the 60/40 balanced fund dominates, outcomes are unnecessarily dependent on it

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The myth of the balanced fund
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