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Part 2 of 2
\\nOld fashioned asset allocation used to be a fairly simple exercise: 60% individual stocks, usually U.S. large-caps and 40% bonds, mostly investment-grade corporates, some Treasury securities for liquidity, and a smattering of municipal bonds for higher tax bracket individuals.
\\nToday it\'s a whole different ball game, juggling multiple global asset classes, using complex computer modeling, algorithms, pricing formulas, and intensive analysis.
\\nThis is the realm of S\\xe9bastien Page, head of T. Rowe Price\\u2019s Global Multi-Asset division where he oversees $350 billion in assets. Last week on WEALTHTRACK we discussed the concepts in his new book, Beyond Diversification: What Every Investor Needs to Know About Asset Allocation.
\\nThis week we will address the current investment environment and how he and his team are positioning clients\\u2019 portfolios. What does Page think of these alternative asset classes? We\\u2019ll find out.
\\nWEALTHTRACK Episode #1734 broadcast on February 19, 2021
\\nMore info: https://wealthtrack.com/which-investments-are-poised-to-do-well-in-2021-strategy-advice-from-an-asset-allocation-pro/
\\nAGAINST THE GODS: THE REMARKABLE STORY OF RISK: https://amzn.to/3dB4smt
\\nBeyond Diversification: What Every Investor Needs to Know About Asset Allocation: https://amzn.to/3u2Syrg
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