As volatility increases throughout global markets and returns lower, investors are facing a turning point. Michael J. Kelly, CFA, global head of multi-asset at PineBridge Investments, explains why asset allocation - along with a dynamic approach - is more important than ever.
Q: What is going on in markets now?
A: Today’s volatility is the result of forces that have been building for a while. For many years, the global savings rate was relatively stable. Then, just before the global financial crisis, it stepped up. We saw extreme caution from businesses, central banks, and investors. Far fewer people and institutions were investing.
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