When the dust settles on the credit crunch, how will it be remembered? Few people believe there will be a re-weighting away from fixed income, the umbrella within which the products that have caused the dislocation ultimately sit.
Think back to the turn of the millennium, when the debate raged about funds being far too heavily weighted in equities. The name of the game was to re-weight your portfolio into a more even 50/50 split between stocks and bonds.
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