Private Credit Becomes Core as JPMorgan Rethinks 60/40 Model

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- JPMorgan Chase & Co.’s asset management arm is pitching private markets as essential ballast to investor portfolios amid stretched stock valuations and unreliable bond hedges. With stock gains increasingly driven by a handful of large caps and bonds potentially offering less protection in downturns, the traditional 60/40 portfolio mix needs reinforcement, the $4 trillion asset man ...