With interest rates at historically low levels and the Fed's second round of quantitative easing nearing completion, investors need to go on the offense, reviewing strategic allocations with a view towards reducing fixed income exposure. For assets remaining committed to fixed income, protecting portfolios against rising rates calls for indentifying bond sub-asset classes that may offer the best defense.
Rising rates: The best defense is a good offense
ByAdam Pennacchio
30 April 2011
Rising rates: The best defense is a good offense