Using bonds in a low-interest-rate environment

April 3, 2017


When it comes to investing in bonds, clients focused solely on expected returns are missing the bigger picture.  Returns might be low, but bonds' value as a portfolio diversifier is still remarkably high.

Joe Davis, Vanguard's global chief economist and head of Vanguard Investment Strategy Group, shares insights to using bonds in a low-interest-rate environment in this 4-minute video.


  • All investing is subject to risk, including the possible loss of the money you invest.
  • Diversification does not ensure a profit or protect against a loss.
  • Investments in bonds are subject to interest rate, credit, and inflation risk.

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