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How fixed income anchors our glide path
Rich Lang
Multi-Asset Investment Director
Polina Tsybrovska
Multi-Asset Product Manager

 


This paper explores Capital Group‘s approach to fixed income holdings within target date strategies, which seeks to adjust exposure to both the amount and types of bonds held over time via its holdings of underlying strategies. This “glide path within a glide path” approach seeks to build and preserve wealth over a participant’s life.

Key takeaways:

  • The bond funds used in the Series seek to provide diversification from equities, a degree of inflation protection, capital preservation and income, and allocations to these funds vary depending on the stage of life

  • Balanced funds empower underlying fund managers to shift between equities and fixed income in response to market conditions

  • Bond investing can add value to portfolios through duration, yield curve and credit cycle management
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Rich Lang is a multi-asset investment director at Capital Group. He has 30 years of investment experience (as of 12/31/2023), all with Capital. He holds master's and bachelor's degrees from Loyola Marymount University.

Polina Tsybrovska is a multi-asset product manager with 13 years of experience (as of 12/31/2023). She holds a bachelor’s degree in finance from the University of Illinois at Chicago.

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