Excess Returns  cover image

Systematic Global Macro Investing with GMO’s Martin Emery

Excess Returns

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Bonds Aren't Adding Value to a Portfolio, Right?

GMO's model shows bonds just aren't going to add value whatsoever. It's actually one of the other things we need to be thinking about the moment is that part of the reason why equity is suffering is because bonds are suffering. So it's definitely a difficult period to really justify a whole big bond position in a balanced fund.

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