How fixed income portfolios equal or beat stocks in the long run – Knowledge @ Wharton
Fixed income portfolios have performed as well, if not better, than the US stock market over the past five decades, while showing similar or even higher levels of volatility. These two recent research findings by finance professor Wharton Jules H. van Binsbergen challenge long-held perceptions that stocks offer higher returns and are more volatile than fixed income instruments such as bonds.
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