Many investors focus on the yield of their portfolio, often out of a desire to "protect their principal." We believe, however, that paying closer attention to increasing yield rather than to the portfolio's total return can lead to unintended, and potentially detrimental consequences.
The attached paper discusses some of the pitfalls of reaching for yield and presents a justification for taking a total return approach. Let us know if you want your own white label version of this to share with clients!
As always, feel free to send us your feedback and any questions you may have to firstname.lastname@example.org or 360-301-7579.