On October 27, 2023, VettaFi hosted an Income Strategy Symposium that saw nearly 900 advisors and investors register for the event. The symposium was a success for everyone involved, and included some of the top firms and individuals in the industry offering their insights into several different income-related topics.
Below, readers will find a brief summary of each of the sessions and additional key points the speakers shared. To view the playback of the Income Strategy Symposium, please register for the on-demand replay here.
Where Are Advisors Allocating Assets?
In the first panel of the symposium, moderator Tom Lydon, vice chairman at VettaFi, spoke with Brian Donnelly, a fixed income strategist, and vice president at Fidelity Investments, and John Croke, head of Active Fixed Income Product Management at Vanguard. The trio covered several different topics throughout their conversation pertaining to areas of the market where advisors are allocating assets. Donnelly feels like the industry is currently too comfortable in cash. He also highlighted that he believes bonds are going to do better, because he has never seen bonds stay in a continuous decline. Croke believes the Fed is at or near the end of the hiking cycle. However, he and his firm are calling for a mild recession in the middle part of next year. Croke also shared that he thinks investors should be including duration funds in their portfolios.