Improving portfolio credit quality behind fund's plans
One of the more important developments in markets since the late 1990s has been the emergence of a negative stock-bond price correlation.
Over the past decade, we have endured the tired pessimism that still looms from the 2008 Global Financial Crisis.
Investors have piled into bonds such that more than $15trn worth are now negative yielding if held to maturity – a new record.
Knee-jerk reactions could become self-fulfilling
Given the constant focus on what might cause equities to fall and whether now is the right time to invest, it is helpful to remember equities as an asset class have historically been more likely to deliver positive returns in any given 12-month period...
Global bond yields continue to crash through zero