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The Problems of Using Tips as an Allocation in a Standard Portfolio
In a year like last year, when you would have expected them to do something in the face of inflation, they performed pretty much like nominal bonds. And it would be a mistake to think that because these have tips in them that they're going to be better inflation fighters than other risk parity style portfolios. They'd probably be better off of some exposure to a managed futures fund like DBMF or something similar.