We create two versions of the World Portfolio: (1) a long-term proxy since 1950 using monthly data for a reconstructed, historical universe of global equities and bonds (mostly sovereign) and Gold, and (2) an investable index since 1990 using mostly daily data for a universe comprising benchmark indices for global equities, sovereign bonds, credit,... See more
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A portfolio that matches the global allocation of all investable assets looks very different than most investors’ portfolios.