- Declining interest rates since 2008 have increased the challenges substantially for bond investors.
- Bonds, like any other asset class, are subject to cyclicality and should be treated as such.
- Alternative assets offer a good rotation into higher returns but lack of liquidity and transparency significantly elevate the risk profile.
- The heterogeneity in alternative assets requires a certain specialization in market analysis to identify, invest in, and manage the right opportunities.
For further details see:
The Death Of 60/40 Portfolio Is Greatly Exaggerated