By Adam Hetts, CFA
What is the path forward for diversified fixed-income portfolios? Our Portfolio Construction and Strategy team discusses how the simplest solution for navigating the asset class may be rooted in a goals-based approach.
Following an unprecedented period of falling interest rates, coupled with a wave of new products and strategies, it’s no secret that the typical fixed-income portfolio of today bears little resemblance to that of even a decade ago. The size and complexity of the fixed-income universe has grown considerably in the last decade as investors look to simultaneously dial down