I'll take this. Thank you for the question.
Our portfolio is designed for long-term performance, which means that we have different aspects of the portfolio construction. J.F. described some of the asset classes that we're in, both public and private. The intention is to add as much diversification as we can so that over the long term the portfolio can handle the ups and downs that inevitably come from market activity.
Right now only 30% of our assets are in publicly traded equities. The other 20% is in fixed income and roughly 50% is in various public markets investments that have different characteristics and correlations, if I can use that word, to what happens in the public markets. All of this is designed to protect in the long term, remove volatility to the extent that we can and to provide cashflow on a constant basis.
We did make an adjustment to the portfolio last year when we started worrying more about inflation than we have in the past. That was to make some slight adjustments to add a portion of our infrastructure portfolio related specifically to high inflation correlated assets. We also added some allocation to our private credit business, which typically is investing in floating rate debt that will move with the market.
These are significant for us, but we're not making dramatic swings ever because the long-term nature of the portfolio construction is most important.