ETF Trends
ETF Trends

For the past eight years, investors have enjoyed the rewards of portfolios with broad U.S. equity and fixed-income exposure, but it may be time to alter that approach. U.S. equity valuations are at or near their peak—forward price-to-earnings ratios are about 20% higher than their historical 10-year average—and with bond yields gradually on the rise, trouble may be ahead for traditional fixed-income investments.

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