The question for investors is not “Where can I find yield” but “Where can I find meaningful yield without taking on significant or unknown risk?” Still, we see three areas of opportunities for investors seeking yield in the current environment.
Over the period covered by our study, investors turned to
ETFs to access fixed income markets efficiently. ETFs
provided investors with an important vehicle for managing and
transferring risk, even in the face of the liquidity constraints of
the underlying bond markets.