In addition to high yield bonds and infrastructure, we are starting to see bottoms and trends upward in select emerging markets bonds and emerging markets stocks – again, asset classes that have suffered far greater declines than the broad S&P 500 and may be putting the worst behind them.
Our diversified portfolios began the year positioned quite conservatively. Our performance has been resilient during this difficult period of heightened volatility, no small feat.
In order to best participate in upside potential, we have begun positions, or are poised to establish investments in assets that have started to establish upward trends, including high yield bonds, emerging markets debt, infrastructure and certain emerging market country stocks.
Terri Spath is chief investment officer at Sierra Investment Management.