The 60/40 approach — building portfolios with 60% allocated to equity and 40% to bonds — broke down in recent years when inflation was high and the US Federal Reserve was raising interest rates.
Pacific Investment Management Co. is seeking to grow assets in a multi-asset mutual fund by 25% to US$2 billion ($2.71 billion) this year, betting that a 60/40 equity-debt split will attract more investors in Asia.
The company’s Balanced Income and Growth Fund will distribute in Taiwan this year, after already being offered in mainland China, Hong Kong and Singapore, Marcio Bogoricin, head of global wealth management for Asia ex-Japan, said in an interview.
