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The correlation between stocks and bonds weakened at the start of the Iran war.
Stock-bond correlation hit 0.72 in late March, its highest level since May 2024.
KEY POINTS
- Gold dropped over 10% in March, its worst monthly performance since 2013.
- BlackRock recommends clients add liquid alternatives like IALT ETF as new diversifiers.
- IALT ETF held 95% of assets in cash and derivatives as of April 16, 2024.
- BlackRock advises sourcing liquid alternatives from both stock and bond allocations, not just one.
COMPANIES
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