In pursuit of the holy grail
July 16, 2015 01:00:00 AM
The revival of the financial (boom-bust) cycle presents new challenges to asset allocators and individual investors. Integrating macroeconomic and financial market information is a key consideration in the 21st century, given dramatic changes in market structure and behavior. Portfolios should be designed keeping the macrofinancial dimension in mind. Ignoring either is likely to imperil future returns.