A properly diversified portfolio includes cash, fixed-income, equity and real assets
By Fiona Collie |
Advisors feeling discouraged by investment returns of the past few years shouldn’t be so quick to give up on asset allocation as an investment strategy, according to Dave Paterson, director of research, investment funds, at D.A. Paterson and Associates Inc. in Toronto.
“In the past few years, I’ve heard from a lot of advisors and a lot of investors that [asset allocation] is dead,” said Paterson who spoke at the Fall Income Roadshow 2012 in Toronto on Friday, “[and] the reason that it’s dead is that it didn’t work when the world went to hell in 2008.”