Coward’s Portfolio

The Coward’s Portfolio — also known as the Smart Money Portfolio — is recommended by William Bernstein for investors looking to expand on simpler alternatives like his No-Brainer Portfolio and compete with institutional strategies but with drastically lower fees.



Asset Allocation



Real Assets



1) Countries other than the United States are modeled with local regional data instead of pure domestic data for these assets.  CAN uses USA funds, while GER & UK use EUR funds.

2) The data is based on USA REITs, but a broad global REIT fund is also a reasonably close alternative if no US fund is available.


Change the domestic market to translate the portfolio to different home countries