Looking beyond yield: Rethinking the approach of fixed income investing

Investors are tackling a new regime globally that is forcing them to rethink their expectations of returns, and how they achieve them. 

With central bank intervention increasing the frequency and magnitude of large moves in credit markets, the long-held assumption that returns from income allocations are generally less volatile no longer seems valid. In reality, the current landscape of higher and more magnified income and price volatility necessitates a more dynamic approach to meeting income objectives. 

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