More From GWIM Chief Investment Office
Can Fixed Income Still Add Value to Your Portfolio?
Merrill Lynch Even in a rising rate environment, fixed income is unquestionably essential to a diversified investment strategy. Bonds contribute two important factors to portfolios. First, they generate yield and a source of income—and hence return—regardless of market moves or price gyrations. Second, they are a diversifying asset that continues to exhibit both less volatility […]
The Bull Run in US Equities in 2017
Merrill Lynch Fund flows over the last decade have been decisively into fixed income with almost no net new flows into equities (see chart below). As interest rates normalize and move higher, fund flows into equities should increase and support the bull market. With economic data gradually improving during 2016, monetary policy still relatively easy, […]