NEPC’s Phillip Nelson was recently quoted in the International Business Times to discuss how market conditions over the past two years have created more asset allocation opportunities to hit long-term goals. View the article in it’s entirety on IBT’s site here.
U.S. stocks and bonds staged a strong rally last week as the sentiment changed on Wall Street.
The S&P 500 ended at 4,358, up 4.8 % for the week; the Dow Jones at 34,061, up 4% and the tech-heavy Nasdaq at 13,478, up 5.1%.
Meanwhile, bond prices rose, sending yields tumbling. For instance, the benchmark 10-year Treasury bond ended the week with a yield of 4.456%, a half-basis point below the yield it was trading a couple of weeks ago.
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“Phillip R. Nelson, partner and director of asset allocation at NEPC, recommends a diversification approach to balance risks. “The higher levels of interest rates and the shifts we’ve seen in the last two years give you more asset allocation options to hit your goals in the long term,” he said.”