Bonds "simply cannot" offer both the portfolio protection and positive income they once did, according to new analysis by J.P. Morgan Asset Management (JPMAM).
Its 2020 Long-Term Capital Market Assumptions (LTCMAs) research forecasts "modest" global growth over the next 10 to 15 years, forcing investors to "rethink safe havens". Are investment grade corporate bonds the new safe haven of choice? The LTCMAs, now in its 24th year, aims to "help build stronger portfolios, guide strategic asset allocations, and establish reasonable expectations for risk and returns over a 10- to 15-year timeframe", drawing on "quantitative and qualitative inputs" from a team of "more than 30 experts". According to the research, real global growth is expected t...
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