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But investors also need to diversify carefully within those major asset classes.
Funds that own both major asset classes did well in the third quarter.
"We see broad investor interest across all major asset classes as well as listed and unlisted investment opportunities," he said.
We cover all major asset classes: equities, government bonds, corporate bonds, commodities, currencies, and of course real estate.
This is a pre-peer review version of a paper that argues for asset allocation policies that adapt as the relative market values of major asset classes change.
Europeans generally "moved earlier than their counterparts elsewhere to diversify portfolios across major asset classes, insulating them against the worst of the downturn," said James P. Gorman, the president of Merrill Lynch's global private client group.
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SAVING When the tax system depresses the return on a major asset class like corporate equities, households have less incentive to save for the future.
His many contributions have helped CME transition from a membership-owned organization into a for-profit, public company that has expanded into every major asset class with the acquisitions of the Chicago Board of Trade and the New York Mercantile Exchange and has also extended its reach globally.
Real estate is the only major asset class whose performance has a negative correlation with bonds and equities.
The current earnings recession has come alongside the depreciation of a major asset class--crude oil--but the impact has been far more concentrated.
The acquisition has been transformational for Barclays Capital and has allowed us to accelerate our growth strategy and build global businesses across every major asset class including fixed income, equities and advisory.
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