Market
Memos from Howard Marks: Ruminating on Asset AllocationReal assets such as real estate and infrastructure are essential assets spanning many diverse sectors. A diversified mix of these assets may be an attractive investment allocation both for today’s market challenges and for the long term.
Real estate and infrastructure share a number of common potential benefits—including capital appreciation potential, attractive income potential and inflation protection. However, their subsectors are diverse, spanning several types of infrastructure and property types.
We believe a diversified portfolio with exposure to these assets can provide attractive returns and low volatility over the long term, as well as strong performance in challenging markets, such as: