BlackRock Ditches 60/40 Portfolio in New Regime of High Inflation
- Fund manager’s strategists call for broader portfolio mix
- Sticky inflation means low-rate environment will not return
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BlackRock Inc. strategists are ditching the 60/40 portfolio in favor of public and private investments as well as tactical holdings of bonds to navigate higher interest rates.
Strategists from BlackRock Investment Institute, the research arm of the world’s largest asset manager, recommend “breaking up traditional asset allocation buckets, moving away from broad allocations to public equities and bonds,” according to a Tuesday note.