By Sonal Desai, Ph.D., Chief Investment Officer, Franklin Templeton Fixed Income
Investors could be in for a bumpy year ahead, according to Franklin Templeton Fixed Income CIO Sonal Desai. She emphasizes the importance of separating the facts from the headlines, but also thinks it's a good time to look to "de-risk" portfolios to some extent, while still remaining invested.
"Expectations need to be recalibrated in the sense that we are in a world where fixed income rates are incredibly low, implying expensive valuations, and it is unrealistic to expect to generate the types of returns