Beyond 60/40: Finding diversification in 2026

The old diversification playbook has broken down: 2022 showed equities and bonds can fall together, exposing the shortcomings of the classic 60:40 “balanced” portfolio. Asset owners are now facing higher structural inflation, slower growth and elevated valuations making it more challenging to deliver returns. In Investment Week’s latest Global Outlook Portal, Inigo Fraser Jenkins, Co-Head of Institutional Solutions at AllianceBernstein, looks ahead to 2026 and explores: • Shifting from nominal benchmarks to real, after-inflation objective • Sources of diversification across public...