Think beyond 60/40
Alternative Investments

Think beyond 60/40

Traditional 60/40 portfolios are under pressure. High stock market volatility and low bond yields demand a new approach to portfolio construction. Alternative investments can help you build more resilient portfolios that seek to amplify returns by diversifying equity risk.

Today more than ever, alternatives should be core

Alternative investments offer your clients opportunities that traditional 60/40 portfolios cannot. Consider redesigning your portfolios with alternative strategies that can help manage downside risk and give your clients access to private markets with higher growth potential.
The challenge with stocks
The challenge with stocks
The past decade was an outlier for stocks, with volatility near record lows. 2020 was a wake-up call. Going forward, we expect both lower returns and more volatility.
The challenge with bonds
The challenge with bonds
As rates fell in the past, bonds rallied, boosting the returns of a 60/40 allocation. Now with yields near record lows, it’s time to explore new sources of diversification.

Get started with alternatives

Systematic Multi-Strategy Fund (BIMBX)

Seeks to provide consistent returns in various market scenarios with three complementary strategies that are negatively correlated to each other. The fund’s credit-oriented investment process “flips” the norm, seeking upside with fixed income and downside preservation with defensive long/short equity.

Upside participation / downside defense: BIMBX strategically adjusts allocations among the underlying strategies, seeking to generate attractive returns by capturing more upside and less downside.

Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal values may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of dividends and capital gains. Current performance may be lower or higher than that shown. For current month-end returns, visit

Event Driven Equity Fund (BILPX)
A diversifying strategy that has exhibited attractive returns, low correlation and low beta to stocks, and resilience in down markets. Performance depends on corporate catalysts like mergers and acquisitions.
Returns with low-correlation to markets
Returns with low-correlation to markets: BILPX seeks to capitalize on transformative corporate events such as announced mergers, spinoffs and management changes. This offers diversified returns removed from overall stock market performance.
BlackRock Credit Strategies Fund (CREDX)
CREDX seeks to amplify fixed income returns by investing in both public and private credit markets. The private markets allocation focuses on middle market direct lending, tapping into new sources of high income.
CREDX has the structural advantages of an “interval fund”* – access to private market investments but with quarterly liquidity, lower fees and more simplified tax reporting.

Our latest insights

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