Bond resurgence sparks rethink of alternatives in multi-asset portfolios

Alternative investments have grown in popularity in recent years. Since 2015, assets under management across all alternative asset classes has grown from $7.2trn to $13.3trn by the end of 2021, according to Preqin.  This growth has come as investors began questioning the role of fixed income in multi-asset portfolios, as a decade of low interest rates meant bonds offered scarce income and limited diversification in the event of an economic downturn. A feature of monetary policy during this period was to get money out of the safety of bonds and into riskier assets or the real economy. ...