Richard Bernstein is the chief executive officer of Richard Bernstein Advisors LLC. We spoke recently about diversification and asset allocation.
Charles Rotblut (CR): You sub-advise a mutual fund that can vary widely in terms of its allocation to bonds and stocks. How do you determine what the right asset allocation is?
Richard Bernstein (BR): There are two mutual funds we run. Eaton Vance Richard Bernstein Equity Strategy fund (ERBAX) is a global equities fund, and we have great latitude in that we can go anywhere around the world. Eaton Vance Richard Bernstein All Asset Strategy fund (EARAX) is probably the one you are referring to: It is a global, go anywhere, all-asset fund.
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