Aurèle Storno: Meeting the challenge of rising interest rates

Today's environment is tougher than ever for bond investors. Interest rates are low, risk is high and the process of buying and selling bonds has become harder and more costly given major changes in the market. As a result, bonds are no longer fit for purpose when it comes to a number of investors' key aims - protecting capital and gaining diversification against stocks. We believe a well-thought-out multi-asset strategy is better suited than bonds to deliver the capital preservation and diversification that investors need, making multi-asset a suitable replacement for a portion of inves...