Long-term strategic investing is usually baselined against naïve mixes of the S&P 500, as a proxy for a broad mix of large-cap U.S. stocks, and iShares Core U.S. Aggregate Bond ETF (AGG), as a proxy for broad core bonds including U.S. government and investment grade corporate bonds. These broad naïve categories, however, miss many areas of the capital markets and optimized asset weighting that could provide extra diversification and additional return per unit of risk.
So far during 2019, some of the passive exchange-traded funds (ETFs) that are designed to track a broader