An In Depth Look at Asset Allocation with Jim Masturzo of Research Affiliates

Excess Returns · May 13, 2021 · 57m

We are currently in a very challenging time for building multi-asset portfolios. The 60-40 portfolios is coming off one of its best decades ever, but the expected future returns on both stocks and bonds are very low. And unprecedented monetary and fiscal stimulus have added additional variables into the equation. This week we talk to Jim Masturzo, who is a partner and head of multi-asset at Research Affiliates and also helped create their popular Asset Allocation Interactive tool, to try to make sense of all of this. We discuss their process for projecting expected returns and the challenge…