Vanguard tells investors bonds are attractive after first-half "horror show"
Investors should look to bonds for income and as a hedge to equities again after fixed-income assets suffered a “horror show” first half according to Vanguard Group, the world’s second largest asset manager.
By Caleb Mutua / BLOOMBERG
Vanguard, the 7.1trn money manager sees the TINA mantra there is no alternative to equities as a thing of the past with a weakening economy likely validating bonds as a portfolio diversifier, the firm’s fixed-income team led by Sara Devereux wrote in a note on Monday.
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