Fixed income and asset allocation

Gone are the days when fixed income was viewed as a tactical asset class. An expanding universe of funds offers investors a greater choice than ever before but it is important they know exactly what they are buying

If life since the tech bubble burst has taught investors anything then it is that worst case scenarios can and do happen no matter how unlikely they seemed at the time. When the bubble burst it wasn't just tech stocks that tumbled, they took the equity markets with them and the steady equity descent began. At the time, optimistic equity supporters believed a short sharp correction was being experienced and there would soon be a return to growth. 11 September, surely the epitome of unforeseen worst case scenarios, put paid to optimism and the descent continued. For most investors the les...