The 60/40 portfolio has traditionally served as the go-to strategy for moderate-risk investors. But the twin sell-off of both asset classes in 2022 was a wake-up call, shattering the assumption that stocks and bonds would naturally diversify each other. In the wake of that dislocation, multi-asset investors have had to adapt—and fast.
Defne Ozaltun, Portfolio Manager on AllianceBernstein's Multi-Asset Solutions team, builds custom portfolios that go beyond the traditional framework, integrating diverse investment ideas while keeping the client's objectives firmly in view. "The first thing I tend to think about is what is the client trying to achieve?" Ozaltun explains.
Her approach layers long-term asset allocation, high-conviction active management, and short-term tactical positioning.
Listen to the podcast to explore how today's multi-asset strategies are evolving beyond the old blueprints.
