Still-high inflation and an expected recession call for slighting stocks and most other categories, the asset kingpin advises.
The de-risking trend has seen equities cut in half since 2008, to around 30% of assets, and Milliman thinks that’s where it will stay.
Gregory Davis predicts that a U.S. economic slump, when it occurs, will be mild.
Riddle No. 2: Why are energy funds not the king of new investment dollars?