As global markets rallied once again last week, measures of expected equity market volatility stabilized while measures of expected volatility in interest rates and currencies fell.

Risk Assist has been and continues to be positioned to participate in market gains, particularly in small-cap stocks.

SPEND: Real Spend

Real Spend’s overweight position in equities relative to other retirement income strategies has benefited the portfolios as the global equity market rally has continued, post-election. While Real Spend is acutely focused on income, it seeks to generate that income from two sources: fixed-income yield and equity market capital appreciation. This is a key distinction to keep in mind as interest rates creep higher.

This article was written by Horizon Investments, a participant in the ETF Strategist Channel.