Redington's Sarah Miller: How retail investors can approach real assets implementation

Liquid vs illiquid markets

For most of the past decade, when interest rates were low, bonds were 'boring', and credit was not threatening to outperform equity, alternative asset classes like real estate and infrastructure presented investors with attractive opportunities for added yield generation.

Today, that backdrop has changed. US Treasury yields recently climbed to their highest level since October 2007, and a wider global bond rout has put fixed income back in vogue. Nevertheless, with inflation sticky, interest rates likely to stay higher for longer, and recession threatening to suppress those bond yields, alternatives - and real assets in particular - remain an attractive and important opportunity for investors of all sizes. Nuveen's Harry Bush: The vehicles driving investors towards private markets and what they mean Once the preserve of large institutional capital a...