Larry Fink proposes an alternative to the 60/40 portfolio. It means more fees. - MarketWatch

1. Larry Fink advocates diversifying portfolios with more private assets. 2. New portfolio strategy suggested: 50% stocks, 30% bonds, 20% private assets. 3. BlackRock invests heavily in private assets, enhancing risk but offering potential stability. 4. IVV maintains a low expense ratio of 0.03%, compared to higher private asset funds. 5. Future indexing of private markets may impact traditional asset allocation strategies.