Investment Perspectives

Each quarter we explore a topic that we believe is relevant for our clients in understanding the current investment environment and the markets.

Client Letter-Perspectives

For much of the past several decades, fixed income investments had lower volatility and lesser returns than equities, and importantly acted in the market differently than equities. In 2008, everything changed. With the significant exception of Government bonds, many fixed income instruments became highly correlated with the stock market and produced negative total returns, thereby not protecting broadly diversified portfolios as much as past experience would have indicated.

Archived Investment Perspectives