In the fourth and final part of our series of blogs on the implications of today’s low interest-rate environment, I consider the options available to asset allocators to tackle the dual challenges of replacing both the risk-mitigation quality of bonds and their historical returns.
…and I thought we’d seen it all in 2008. We have updated our views on global credit to a more positive outlook in recognition of both the meaningful change in valuations this month and the significant policy response that has been delivered to combat the economic fallout from COVID-19. The speed and magnitude of the move has been breath-taking.;