For most of the past decade, when interest rates were low, bonds were 'boring', and credit was not threatening to outperform equity, alternative asset classes like real estate and infrastructure presented investors with attractive opportunities for added yield generation.
Today, that backdrop has changed. US Treasury yields recently climbed to their highest level since October 2007, and a wider global bond rout has put fixed income back in vogue. Nevertheless, with inflation sticky, interest rates likely to stay higher for longer, and recession threatening to suppress those bond yields, alternatives - and real assets in particular - remain an attractive and important opportunity for investors of all sizes. Nuveen's Harry Bush: The vehicles driving investors towards private markets and what they mean Once the preserve of large institutional capital a...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
