22 Oct 2018
As the era of extraordinary monetary stimulus draws to a close we believe that it is time to take a new approach to multi-asset investing.
In 1952, Harry Markowitz, the Nobel Prize winning economist, developed Modern Portfolio Theory. Like nutritionists who recommend eating a balanced diet, rather than guzzling solely on chips, he discovered that mixing a selection of assets with different risk and return characteristics can create the optimal portfolio. And for over 50 years his theory has been widely accepted as the staple diet for investment professionals managing portfolios.