Approach alternatives with caution in current rate environment

Nordic Head of Tactical Asset Allocation at Swedish-based asset manager goes against the tide in his use of alternatives in discretionary portfolios.
Photo: Jens Nørgaard Larsen/Ritzau Scanpix
Photo: Jens Nørgaard Larsen/Ritzau Scanpix

As bond yields are at a record low, and the expected long-term return on listed equities is below its historical mean, a vast majority of institutions have increased their relative exposure towards alternatives over the past years.

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