Multi-Asset funds: The tale of the stock-bond correlation

Investment Manager Roundtable Discussion Series - Session 2

Stock-bond correlation, an important factor in portfolio construction, has been persistently negative for the last 20 year (particularly in the US), but there are signs that this could change. What are the implications to both strategic and tactical asset allocation if the stock-bond correlation returned to positive again? And how can investors factor in this possible regime shift, as well as other uncertainties in the global economics and markets outlook, when applying modern portfolio theory in portfolio construction? Join our panel of seasoned multi-asset portfolio managers and quants to find out.

Dr. Chang Hwan Sung, Portfolio Manager and Director of Solutions Research, Invesco
Florian Neto, Head of Multi-Asset, North Asia and Senior Portfolio Manager, Amundi
Stuart Rumble, Investment Director, Solutions & Multi-Asset, Fidelity International
Ricky Chau, Multi-Asset Portfolio Manager, Franklin Templeton
Lester Chan, Head of Wealth Management, Greater China, Saxo

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