Student of the Market: October 2023
October 2023 Highlights
- Bonds and alternatives as attractive diversifiers
In a high interest rate regime where the 10-year Treasury rate has risen by over 4% in the past 3 years, select alternative and bond categories have served as key diversifiers in portfolios.
- Historical performance following peak inflation
Both stocks and bonds have tended to perform well the year after historical peaks in inflation, signaling that there could be room for stronger performance in the year ahead.
- Don’t get surprised by capital gains distributions
With the start of Q4, taxes are top of mind before year-end. Fund outflows can trigger distributions - and the top 25 largest equity mutual funds are in net outflows over the last 12 months.
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