Asset AllocatorMar 26 2024

Long read: The changing face of modern portfolio theory

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Long read: The changing face of modern portfolio theory

It has been a little over 70 years since Harry Markowitz introduced the concept of modern portfolio theory but today there appears to be very little agreement among wealth managers about what a balanced portfolio looks like in practice.

So we thought we'd take some time to ask whether Markowitz’s theory - commonly associated with the 60:40 portfolio - still holds water, or have managers moved on?

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