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(Ten years ago, the basis of star ratings started to shift from broader asset classes to more narrowly defined categories).
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You have to think of it in the broader asset class of alternative investments and consider why institutions seek them.
But they warn that gains are likely to be meager at best in broad asset classes.
It categorized funds across five broad asset classes: domestic stocks, international stocks, balanced, taxable bonds and municipal bonds.
So far this year, there have been signs of slight divergences in the performance of broad asset classes.
"What is unusual about these developments is their synchronicity: they have occurred simultaneously across broad asset classes and across countries in a way that is unprecedented".
In the investment style of hedge funds, they may make significant bets on or against broad asset classes or geographic regions, based on macroeconomic factors or social or industrial trends.
We didn't get terribly scientific about it, and since there are five broad asset classes, we simply put 20 percent into each of the five indexes I listed above.
The trick to steady returns is to try to mimic the market, not beat it, through exposure to broad asset classes.
The report says: "What is is unusual [about these developments] is that they have occurred simultaneously across broad asset classes and across countries in a way that is unprecedented".
Lloyd: Bonds, as a broad asset class, should always have a weighting in portfolio.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com