The oh-so-popular post-war 60/40 portfolio is worn out - passé. So say many asset allocation strategists. The alternative is 60/40/20: equities, bonds and alternatives. Nay, says Zoltan Pozsar, strategist at Credit Suisse. The future is the 20/40/20/20 portfolio, consisting of cash, equities, bonds and commodities. He explains why in his formidable analysis War and Peace.
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