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How much should portfolios adapt over time?

Henry Cobbe

Henry Cobbe

Finally, when time horizons are shorter for older clients, or where risk appetite is more cautious, if there is opportunity to avoid foreseeable harm to portfolio returns, as there was with the bond markets in 2021 and 2022, it's surely a portfolio manager’s duty to consumers to take prudent and adaptive action. Not doing so is frankly harder to support.

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