Topics of Interest

The Role of Income in Portfolios

Many aspects of investing are fundamentally rooted in the idea that total investment return includes both investment income and investment price appreciation (growth). Nearly every asset class can be decomposed into these two characteristics—some assets being composed mostly of income and some assets being composed mostly of price appreciation. As interest rates have fallen around… More

November 2021

Establishment of risk mitigation buckets

An evolving market environment has arguably diminished the role of traditional fixed income as a diversifier in portfolios, and led to a higher opportunity cost of holding bonds due to lower yields. This may suggest improved relative attractiveness of other equity risk mitigation approaches. In this research piece we discuss other approaches to risk mitigation… More

September 2021

Thinking Differently

September 2021