Investment returns of 6% or 11%: who’s right?
Institutional investors accept a future of modest 6% per-year investment returns, but after a decade of surging asset prices from bonds to stocks, in…
The death of yields in six charts
Bond yields have declined remarkably since 2008, with a growing proportion now below zero. Here we highlight some extreme instances of ultra-low yiel…
Quarterly markets review - Q3 2019
A review of markets in Q3, when economic data pointed to an ongoing slowdown and central banks in the US and Europe eased monetary policy.
Fallen angels: why passive investors may face greater risks
Passive corporate bond investors could face significant losses when the next economic downturn hits. Active managers, however, have more flexibility …