In this late stage of the economic cycle, the tectonic plates of financial markets are poised to shift, and investors will face increased volatility and uncertainty. Most investors build their portfolios in a siloed fashion, meaning that the aggregate investment portfolio is composed of individual silos of single asset classes, each of which is optimized to outperform its respective benchmark. However, this siloed approach prevents investors from fully incorporating material improvements at the aggregate portfolio level, as "what's best for the piece is not always best for the whole."

This paper discusses the pitfalls of a siloed approach’s myopic view of the total portfolio and the benefits of using multi-asset investing strategies to help meet desired portfolio outcomes.

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