Index benchmarks:

• MSCI ACWI IMI
• FTSE World Government Bond Index

If you are based in The Netherlands and are already a customer of ABN Amro, you may want to go for their “zelf beleggen” product and buy:

• Stock (e.g. 70%)
  • 78% - Northern Trust World Custom ESG Equity Indexfonds (NL0011225305)
  • 12% - Northern Trust Emerging Markets Custom ESG Equity Index (NL0011515424)
  • 10% - Northern Trust World Small Cap ESG Low Carbon indexfonds (NL0013552078)
• Fixed income (e.g. 30%)
  • Dutch government guaranteed bank saving (e.g. Leaseplanbank)

As long as your fixed income allocation remains within the limit of the “depositogarantiestelsel”, in current economic climate I would NOT go for DBZB and instead put that money on a (Dutch government protected) savings account.

The main advantage of using Northern Trust Dutch domiciled funds is tax benefits, effectively lowering internal costs.

Portfolio ignoring broker cost for non-Dutch:

• Stock (e.g. 70% of total)
  • 100% - Vanguard FTSE All-World ETF (VWCE.DE, IE00BK5BQT80, EUR, accumulating)
• Fixed income (e.g. 30% of total)
  • 100% - Xtrackers II Global Government Bond UCITS ETF 1C - EUR Hedged (DBZB.DE, LU0378818131, EUR, accumulating)

If you are based in the USA, you can use Vanguard Total World Stock ETF (VT) instead of VWCE.

You could allocate 5% of the fixed income to microcredits. The Triodos Fair Share Fund (TFSF , NL0013087968, distributing) may be a good option. Microcredits, like bonds, have a negative correlation with stocks.