Global 60/40 Versus Domestic 60/40 Portfolio by Wesley R. Gray, Ph.D., Alpha Architect, Author of Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors.
The Harvard Management Company report was recently released here. h.t. Tom for pointing out.
The biggest surprise was the spread in returns between the global 60/40 portfolio and the domestic 60/40 portfolio:
Michael Mauboussin: Challenges and Opportunities in Active Management And Using BAIT #MICUS
An 8.5% spread is quite large…