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Nov 07 2025

The Year Of AANA?

  • Nov 7, 2025

The return landscape has been good for a passive “own-everything” asset allocation policy. Our hypothetical “All Asset No Authority” (AANA) portfolio has seen a few more cylinders firing this year. In fact, YTD, none of AANA’s asset class constituents have negative performance.

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About The Author

Phil Segner / Sr. Research Analyst & Co-Portfolio Manager

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