Rising rates: The best defense is a good offense

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By Adam Pennacchio | 30 April 2011

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.