Fixed-income investors face greater risks from inflation than deflation, warns iShares
The evaporation of fixed-income yield is set to look even more pronounced when account is taken of inflation expectations, according to an iShares report
Fixed-income investors have been left with the difficult choice of moving further out on the risk curve or accepting lower yields, says a strategist at iShares, the exchange-traded funds (ETF) subsidiary of BlackRock.
"It is a mistake to seek incremental yield in the form of longer duration," says Russ Koesterich, global chief investment strategist at iShares in London. "While yields could certainly go lower in the event of another crisis or a sustained bout of deflation, long-term there is a
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