We believe fixed income markets offer higher yields and better valuations than in years, and we’ve positioned the Income portfolio to further benefit amid potential for volatility and a weakening economy.

As policymakers withdraw fiscal and monetary support, we believe market volatility will rise, presenting investment opportunities.

Looking across the global opportunity set, we see potential for attractive yield, though uncertainties surrounding the global recovery suggest this is a time to be cautious.

We are taking a responsible approach to generating income, not the typical trade-off of more corporate credit risk in exchange for a higher dividend rate.