In this interview, George Bory, Chief Investment Strategist at Allspring Global Investments, explains why fixed income is regaining its place at the core of portfolios — offering stability, real income, and long-term wealth creation in an uncertain world.
As global economies slow and inflation trends gradually down, bonds are back in the spotlight. In a world searching for certainty, fixed income provides what investors crave: attractive yields, steady cash flow, and purchasing power protection.
Today, bond investors can find value not only in developed markets such as the US, UK, and Italy — but also in emerging economies like Mexico, Brazil, and Indonesia, where real yields remain positive and opportunities abound.
For George Bory, two principles guide bond investing today:
1. Income is your friend. Yield is no longer just a cushion — it's the core of returns.
2. Real yields matter. In this environment, generating income above inflation is the cornerstone of a strong portfolio.
Building a fixed income strategy with high levels of real income isn’t just defensive — it’s a way to generate lasting wealth. By diversifying across jurisdictions and credit segments, investors can create resilient, opportunity-rich portfolios for the road ahead.