economy
March 11, 2026
Inflation has broken the steady 60/40 portfolio. Bank of America gives other ways to diversify
The bank recommends adding exposure to emerging markets and international small-cap plays.

TL;DR
- The 60/40 stock/bond portfolio is performing poorly in 2026 because stocks and bonds are moving in the same direction due to inflation and stagflation worries.
- Bank of America recommends diversifying with income-generating emerging markets ETFs, which offer higher yields and have outperformed U.S. counterparts.
- International small-cap value stocks and commodity ETFs like HGER are also suggested for steady outperformance, better valuations, and low correlation to traditional assets.
- The bank believes small and midcap industrial names could benefit from an AI-driven industrial cycle.
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