Designed to fly high during slumps, a bunch of them have disappointed, big time.
New allocation adds to WSIB’s already outsized allocation to these assets, which has helped cushion it amid equity market turbulence.
After toying with cashing in all his assets, the investor placed a canny wager against corporate fixed-income.
Strong tech outfits like Apple and Facebook help American equity returns power ahead of other nations’ markets.
Pummeled shares will take a lot longer to recover than normal, Allianz economist says.