The Financial Post reports in its Friday, Oct. 20, edition that JPMorgan says the popular 60/40 portfolio is not dead, and is a significantly more compelling investment than cash over the coming decade. A Bloomberg dispatch to the Post reports that in a report looking at capital markets in 2024, JPMorgan analysts say the strategy of putting 60 per cent of assets in equities and 40 per cent in Treasuries is set to outperform cash by an annualized 4.1 percentage points, and inflation by 4.5 percentage points, over the next 10 years. That is even with money-market funds paying upward of 5 per cent. The endorsement comes as the time-honoured portfolio has faced a growing number of critics after its worst performance since the global financial crisis last year. More recently, a Bloomberg gauge of the 60/40 model has slumped about 4 per cent since July as turmoil in Treasuries has fuelled synchronized sell-offs in stocks and bonds, sending investors scrambling for safer assets. The analysts say, "While high cash rates appear compelling, investors should remember that sitting in Treasury bills might mean collecting 5 per cent for limited risk today, but it misses out on compounding of returns over the longer run."