The Role of Fixed Income in a Multi-Asset Portfolio
white-paper

The Role of Fixed Income in a Multi-Asset Portfolio

Jun 23, 2025 13 minutes

What roles can fixed income play in portfolios? And how can investors use it to better hedge against risk? Fixed income has long been a foundational component of multi-asset portfolios, offering diversification, capital preservation, and income. Yet, not all bonds are created equal, and there are many different ways to manage bonds in portfolios.

Our latest white paper explores:

  1. Why bonds are an effective hedge during volatility
  2. Why chasing higher yields can be a mistake
  3. The role of liquidity in managing risk

Uncover key strategies and insights to effectively integrate fixed income into your portfolio.

Jennison Associates

Jennison's investing approach is rooted in our fundamental research and security selection; all of our portfolios are built from the bottom-up, security by security.

Samuel Kaplan, CFA
Samuel Kaplan, CFA

Managing Director, Portfolio Manager

Jennifer Karpinski, CFA
Jennifer Karpinski, CFA

Managing Director, Client Portfolio Manager