Investors who took a simple portfolio split between bonds and equities in 2019 have enjoyed the best returns in more than a quarter of a century, according to Pictet Asset Management.
Luca Paolini, chief strategist at Pictet Asset Management, told CNBC's Squawkbox Europe Friday that a simple 50/50 equity-bond portfolio has done remarkably well in 2019. Paolini said a year ago all the talk was that a global recession, low business confidence and trade war negativity would press up against a Federal Reserve that needed to take the heat out of a peaking U.S. economy.
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