Build a Better Path Part Three: The Past, Present, and Future of Income

The world of income investing looks a lot different today. For decades, falling interest rates fueled strong bond returns, dependable income and diversification. The tailwind helped make the 60/40 portfolio an investing cornerstone. But times changed. Years of near-zero rates and negative real yields challenged bonds' traditional role. The pandemic and a series of historic inflation shocks that followed ushered in an environment of higher rates and more volatility—along with strongly renewed opportunities for income investors. Today, fixed income is at a crossroads. That calls for a modern playbook.

Join us Wednesday, November 11, to explore a fresh approach to portfolio construction that’s designed to navigate today’s shifting fixed-income landscape. You’ll gain perspective on:

• The Crossroads for Bonds: How did fixed income evolve from a decades-long tailwind to an era of negative real yields? And how has post-pandemic inflation reshaped the market?
• Tapping Income From Across the Portfolio: Investors have many ways to generate income strategically, from capital preservation to return generation. And they can do it more efficiently.
• The New Rules of Fixed Income: Use debt’s “Big Four” risk premiums—real yields, inflation expectations, credit spreads and liquidity—to build more resilient portfolios for today’s market.