Deep Dive: Government bonds 'at least investable again' after fixed income 'horror show' in 2022

The senior investment consultant recalled how the asset class underwent negative capital returns and a higher correlation to the equity markets than investors expected. Debate around the appropriateness of the 60/40 portfolio was spurred by these lacklustre opportunities and returns in the traditional ‘safe haven' asset class, with some experts calling the death of the classic diversification split. Alternatives such as infrastructure were pitched as the fixed income alternative by fund pickers, as they seemed to provide some counterbalance to the equity market downturn last year. ...