BlackRock CEO Larry Fink Urges Investors To Move Over 60/40 Model To 50/30/20 Strategy: '...May No Longer Fully Represent True Diversification'
Larry Fink, CEO of BlackRock Inc. (NYSE:BLK), has proposed a novel investment strategy that could potentially reshape the traditional 60/40 portfolio. What Happened: In BlackRock’s annual letter released earlier this week, Fink has put forth a new investment approach that could change the conventional 60/40 portfolio of stocks and bonds. The CEO of BlackRock envisions the future standard portfolio as 50% stocks, 30% bonds, and 20% private assets such as real estate, infrastructure, and private c