Infrastructure is a hot topic in the upcoming relief efforts, and the world’s wealthiest asset managers, bearing an appetite for portfolio resiliency and diversification, could be of great assistance.

Now at a 0.63% yield, the benchmark bond should move up due to better economic and virus news, says bank’s strategist.

The endowment’s allocation to the energy sector has already been significantly reduced to 2.6% of its portfolio.

Plunging discount rates offset second-largest investment return in 20 years.

The central bank’s much-touted help for high-yield is skimpy, in light of what nastiness lies ahead.