The Most Important Price in the World: U.S. Interest Rates and the Impact on Asset Allocation

May 2014
Global financial markets have rallied in the last five years, due in part to easy monetary policies. As a result, future return expectations for many asset classes are modest given low starting interest rates and elevated equity market valuations. Investors may want to reposition their portfolios to exploit some of the limited market opportunities that exist, be positioned at or possibly even below target risk levels and be prepared to deploy capital during the next market correction.


Download PDF