Visit the Schroders sponsor area

23rd July 2026

Schroders: Multi-asset portfolios: Bonds are back. Just not as you knew them.

Fixed income still belongs in a multi-asset portfolio. But what we are asking it to do has changed, and how we manage it must change with it.

This article was first published in IFA Magazine.

The question advisers keep coming back to is a fair one: do bonds still belong in a multi-asset portfolio? After the sharp repricing of 2022, the subsequent volatility in gilt and Treasury markets, and now the stagflationary shock of the Iran war, the scepticism is understandable. But the question itself may be slightly wrong. The more useful question is: what exactly are we asking bonds to do?

Read more

Investments

Registration

Free Registration and CPD

Related Articles_

fidelity Adviser Solutions: Is there a missing asset class for retirees?


Market data shows bonds and equities are not always the diversifiers investors assume, with periods where both asset classes fall together. Fidelity Adviser Solutions’ Paul Squirrell explores what long-term correlation data tells us and how incorporating annuities alongside bonds and drawdown could help deliver more resilient and sustainable retirement income strategies. 5-minute read

Read More

BNP Paribas: Multi-Asset Investment Views Quarterly Update – July 2026


Watch Laurent Clavel discuss why he is confident that investors should potentially see positive returns in the second half of 2026.

Read More

Artemis: Wolstencroft: Investor complacency is making me nervous


The manager of the Artemis SmartGARP European Equity Fund says it is at times when other investors stop caring about valuations that they become more important than ever.

Read More

You need to be logged in to comment on this article