With investing come no guarantees. Nonetheless, a few reasonably sound principles so far have stood the test of time and form the core of our Investment Approach. The first element of our approach involves the mapping of combinations of broadly diversified global equity, fixed income and other exposures to specific risk-tolerance levels to formulate our range of investment solutions. Reiterating that return and risk are two sides of the same coin, this month we want to demonstrate how this component of our investment approach translates into the asset allocation decision.