Discussion Group - Fixed Income

Fixed Income Investing in the Low Interest Rate Environment

Please note that this event will be through Zoom. Login information will be provided in the reminder email closer to the event
 
Hosted by: Education Advisory Group


Looking to discuss a variety of topics with your peers? Join CFA Society Chicago for an informal moderated discussion on a different topic each month. Review the included materials and then join the conversation!

Moderators: 
Christian Artuso
Jon Morris

Discussion Materials: 

Redefining Fixed Income 
(CFA Institute Enterprising Investor

"The days when investors could rely on traditional bonds as safe, income-producing securities that hedge equity risk and deliver returns that keep pace with inflation are finished."

Myth-Busting: Low Rates Don’t Justify High Valuations 
(CFA Institute Enterprising Investor

"Since interest rates have been declining across the globe and have reached all-time lows, we should expect a new regime with record-high equity multiples for stocks across markets. Of course, relationships in finance are rarely linear and we have good data sets at hand to evaluate this theory."

Fixed Income: Low Yields Don’t Tell the Whole Story 
(PIMCO) 

"It’s tempting these days for some investors to question the role of fixed income in portfolios. After all, real yields have plunged, potentially leading to less income today and smaller capital gains tomorrow. But yields are far from the full story. Despite low yields, bonds can continue to diversify risk in broad portfolios. Interest rates may fall further, boosting valuations. And some segments of the fixed income market – credit in particular – remain attractive relative to equities, in our view."

Fee*: 
Members - FREE 
Nonmembers - FREE
(member pricing underwritten by CFA Society Chicago)

Registration: Online 
Zoom login information will be provided in the reminder email closer to the event. 
Registration closes at 5:00 PM on June 16, 2021.

Agenda:

5:30 PM - 6:30 PM CDT: Discussion

Please log in a few minutes early to test your video and internet connections. Distribution of presentation materials may not be available for this event.

*Special Notes Regarding Fees:
This event is open to members and nonmembers. Registration online is required and closes at 5:00 PM on June 16, 2021.
When
6/17/2021 5:30 PM - 6:30 PM
Where
Online
Registration not available.

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