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Bernstein: High Valuations No Reason to Stray

Equities in the U.S. may be set for low returns, but that isn't a reason to deviate greatly from your policy asset allocation.

Christine Benz: Hi, I'm Christine Benz for Morningstar.com. I'm here at the Morningstar Investment Conference, and I'm joined today by Bill Bernstein. He is an author and he is an investment advisor.

Bill, thank you so much for being here.