Raising resilience is one of our three investment themes for the remainder of 2019 and beyond. The ability of a portfolio to withstand a variety of adverse conditions is crucial, particularly in a time of elevated macro uncertainty. Bonds' role as ballast in portfolios is still meaningful even after bond yields have plunged, in our view.
Chart of the week
Global stock vs. bond returns in years with negative stock returns, 2000-2019
Past performance is not a reliable indicator of current or future results.
Sources: BlackRock Investment Institute, Thomson Reuters and Bloomberg, July 2019. Notes: