Where You Put Your Money Is Back In Fashion

  The perceived importance of asset allocation in driving investor returns faded from the 1990s as a result of high overall returns from most asset classes and relatively high correlations between bonds and shares.However, the dismal returns of the last decade from global shares, a relatively constrained overall return outlook, increasingly wild swings in share markets and the return to more volatile economic cycles is serving to highlight the importance of asset allocation.The AMP's chief economist, Dr Shane Oliver looks at the renewed importance of & #160;an old dilemma for investors.  

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