By
Borsgade
Cliff Asness and the good people from AQR have made an empirical analysis of the consequences of interest rates now stabilizing at a higher level than they have been for many years. At least in the medium term.
Here they look at the expected return for stocks, bonds and alternative investments if the story is indicative for the future.
One result is clear: Equity markets have earned slimmer excess returns when the cash baseline is higher. […] In a higher-rate world that investors haven’t seen for many years, diversification away from equities may prove to be especially valuable.
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The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.
Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk
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