Standard Chartered said it had withdrawn conditional proposals to rescue Whistlejacket because of a number of factors, including "the pace of continuing deterioration in the market for certain asset classes and the impracticality of completing any proposal within the confines of the receivership as it has evolved".
He said Vanguard does not try to time the market by overemphasizing or underemphasizing certain asset classes in its target-date offerings.
That said, this period of market tumult is a good time to check up on your account, as swings in the market might leave certain asset classes overweighed and others underweighted.
Certain asset classes have not been investing in European companies because there has not been a track record of success.
And in this harsh climate on Wall Street, investors may need to rethink some of their basic assumptions about certain asset classes and diversification.
"Banks just have to get smaller, so they're lending less and getting out of certain asset classes," said David Abrams, head of European nonperforming loan investments at Apollo Global Management in London.
Barclays' iShares, its index ETF business, offers low-cost, easy entry to various baskets of stocks and bonds, as well as to certain asset classes like gold.
When a portfolio is created, advisors typically will use certain asset classes like large stocks, international and bonds.
Snake bite effect occurs when investors take large losses in a certain asset class, like stocks, and become more risk adverse.
