With stock markets around the world near record highs, trustees are pondering whether and how to de-risk portfolios. This situation poses a quandary, as traditionally safer asset classes, such as high quality bonds, offer little prospective return. Yet, some traditional options at the higher end of the risk spectrum—high yield bonds or dividend stocks—are unusually expensive at current levels. Because it can be difficult to predict the direction of markets and make judgments ...

All Access Premium Subscription

Your subscription will include 12 months of Trusts & Estates magazine, access to premium content on WealthManagement.com, and Trusts & Estates plus iPad app.

Already registered? here.