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A Dynamic Approach to Asset Allocation

Valuation should be a key driver of how an investor's asset allocation looks at a given life stage, says GMO's Ben Inker.

Christine Benz: Hi,I'm Christine Benz for Morningstar.com. Should target-date funds change their asset allocations based on market valuations? At the Morningstar Institutional Conference, I interviewed GMO's Ben Inker about some recent research on that topic.

Ben, thank you for being here.