It may be a while before government yields in the developed world rise enough to entice income seekers, but other areas of
the broader global bond market may be attractive.
Not exact matches
Represents the corporate and government - related sectors of Bloomberg Barclays
Global Aggregate Bond Index (which provides a broad - based measure of the global investment - grade, fixed - rate debt markets) and is considered representative of global investment - grade
Global Aggregate
Bond Index (which provides a
broad - based measure of the
global investment - grade, fixed - rate debt markets) and is considered representative of global investment - grade
global investment - grade, fixed - rate debt markets) and is considered representative of
global investment - grade
global investment - grade debt.
To build a diversified portfolio, an investor generally would select a mix of
global stocks and
bonds based on his or her individual goals, risk tolerance and investment timeline.2 The chart below highlights how those
broad asset classes have moved in different directions over the past 20 years.
Composite Treasuries Sentiment: Taking a
broader view of
bond market sentiment (our composite
bond market sentiment indicator combines the signal from futures positioning, fund flows, implied volatility, and
global bond market breadth), it's readily apparent that
bond market sentiment has seen a reset from relatively stretched bearishness to just on the bullish side of neutral (i.e. the indicator is saying participants have gone from expecting higher
bond yields to expecting lower
bond yields).
For example, the Bloomberg Barclays Green
Bond Index, which was launched in 2014, has lagged the broad - based Barclays Global Aggregate slightly over the last three years — but keep in mind that overall returns don't account for the boom in green bond issuance over that per
Bond Index, which was launched in 2014, has lagged the
broad - based Barclays
Global Aggregate slightly over the last three years — but keep in mind that overall returns don't account for the boom in green
bond issuance over that per
bond issuance over that period.
We continue to keep a close eye on the evolution of the corporate
bond markets in China; the more transparency and steps towards
global standards may help open the market up to a
broader global market.
A low fee,
broad market exchange traded fund for the U.S. economy as a whole, a
global ETF and a Canadian
broad ETF equally weighted to reduce concentration in banks and energy, and a 5 to 10 year corporate
bond ladder would add diversification with dividends from stocks and interest from
bonds and produce a more secure portfolio.
Our
Global Couch Potato includes
broad exposure to Canadian, U.S. and international stocks in all sectors, as well as
bonds of all maturities.
RBC
Global Government
Bond (CAD Hedged) Index ETF seeks to replicate, to the extent possible and before fees and expenses, the performance of a broad world government bond index that is hedged to Canadian doll
Bond (CAD Hedged) Index ETF seeks to replicate, to the extent possible and before fees and expenses, the performance of a
broad world government
bond index that is hedged to Canadian doll
bond index that is hedged to Canadian dollars.
Most indices are parts of families of
broader indices that can be used to measure
global bond portfolios, or may be further subdivided by maturity or sector for managing specialized portfolios.
7Bloomberg Barclays
Global Aggregate ex-USD
Bond Index provides a broad - based measure of the international investment - grade bond market hedged against the U.S. dol
Bond Index provides a
broad - based measure of the international investment - grade
bond market hedged against the U.S. dol
bond market hedged against the U.S. dollar.
A
broad ensemble of
global income investments, the Fund seeks value opportunities across both traditional investment - grade and high - yield
bond sectors and nontraditional asset classes, including convertibles, preferred stocks, non-U.S. sovereign and corporate debt and floating - rate loans.
Cash — 5 % — Claymore Premium Money Market ETF (CMR)-- MER 0.27 %
Bonds — 20 % — Claymore 1 - 5 Year Laddered Government
Bond ETF (CLF)-- MER 0.17 % Canadian Stocks — 20 % — Claymore Canadian Fundamental Index ETF (CRQ)-- MER 0.71 % US Stocks — 21.5 % — Claymore US Fundamental Index ETF (CLU.C)-- MER 0.73 % International Stocks — 21.5 % — Claymore International Fundamental Index ETF (CIE)-- MER 0.73 % Emerging Markets — 7 % — Claymore
Broad Emerging Markets ETF (CWO)-- MER 0.71 % Real Estate — 5 % — Claymore
Global Real Estate (CGR)-- MER 0.74 %
Bond ETF (TSX: CLF), Horizons S&P / TSX 60 Index ETF (TSX: HXT), Claymore US Fundamental Index ETF (TSX: CLU.C), Claymore International Fundamental Index ETF (TSX: CIE), Claymore
Broad Emerging Markets ETF (TSX: CWO) and perhaps a smidgen of Claymore
Global Real Estate ETF (TSX: CGR).
In 2008, when the
global stock market shed about a third of its value,
broad - market
bond index funds delivered over 6 %.
The continuing trend of
broader representation by issuers, asset types, and currencies makes the S&P Green
Bond Index a suitable substitute for
global aggregate exposure.
The Bloomberg Barclays
Global Aggregate Bond Index provides a broad - based measure of the global investment - grade fixed income ma
Global Aggregate
Bond Index provides a
broad - based measure of the
global investment - grade fixed income ma
global investment - grade fixed income markets.
iShares Advantaged Canadian
Bond Index ETF (CAB) iShares Advantaged Convertible
Bond Index ETF (CVD) iShares Advantaged U.S. High Yield
Bond ETF (CHB) iShares Advantaged Short Duration High Income ETF (CSD, CSD.U) iShares
Global Monthly Advantaged Dividend Index ETF (CYH) iShares
Broad Commodity Index ETF (CBR) iShares Managed Futures Index ETF (CMF, CMF.A)
Notes: U.S. stocks represented by Dow Jones U.S. Total Stock Market Index through April 2005, MSCI US
Broad Market Index through June 2013 and CRSP US Total Market Index thereafter; emerging markets stocks are represented by MSCI Emerging Markets Index; REITs by FTSE NAREIT Equity REIT Index; dividend stocks by Dow Jones U.S. Select Dividend Index; commodities by S&P GSCI Commodity Index; high yield
bonds by Bloomberg Barclays U.S. Corporate High Yield
Bond Index; emerging markets
bonds by Bloomberg Barclays EM USD Aggregate Index; investment - grade corporate
bonds by Bloomberg Barclays U.S. Corporate Index; U.S. Treasury
bonds by Bloomberg Barclays U.S. Treasury
Bond Index; Hedge fund index by HFRI fund - weighted total return Index and international
bonds by Bloomberg Barclays
Global Aggregate ex-USD
Bond Index.
60/40 benchmark is 42 % Spliced Total Stock Market Index (Dow Jones U.S. Total Stock Market Index (formerly known as the Dow Jones Wilshire 5000 Index) through April 22, 2005; MSCI US
Broad Market Index through June 2, 2013; and CRSP US Total Market Index thereafter); 18 % Spliced Total International Stock Index (Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex USA IMI Index through June 2, 2013; and FTSE
Global All Cap ex US Index thereafter); 40 % Spliced Bloomberg Barclay's US Aggregate Float Adjusted
Bond Index (Bloomberg Barclays U.S. Aggregate
Bond Index through December 31, 2009; Bloomberg Barclays U.S. Aggregate Float Adjusted Index thereafter) through May, 2013; thereafter, fixed income portion is 28 % Spliced Bloomberg Barclay's U.S. Aggregate
Bond Index, 12 % Bloomberg Barclays
Global Aggregate ex-USD Float Adjusted RIC Capped Index Hedged; after December 2014 equity portion of the benchmark is 36 % Spliced Total Stock Market Index, 24 % Spliced Total International Stock Index.