Morningstar - Q2 2021 - 56

Investors

Income Conundrum
Extraordinary times may require
adjusting expectations.

		

Undiscovered Manager

	

Staking a Claim Abroad

62	

		

Sector Rap

	66	

Sea Change

	

	

User Profile

	70	

Young Blood

With interest rates at unprecedented low
levels, bond markets are in uncharted territory.
As bond market theories struggle to keep
pace, asset allocators and income investors must
adapt in real time. This is a particularly
challenging climate for those who need to live
off their investments.

consumer sciences and finance and is professor
of wealth management at the American
College of Financial Services. Jonathan Guyton
is a Certified Financial Planner who advises clients
as a principal of Cornerstone Wealth Advisors
and has been a retirement columnist for the
Journal of Financial Planning since 2010. And Larry
Siegel, who has a long background in practical
investment analysis, serves as the Gary P. Brinson
Director of Research at the CFA Institute
Research Foundation.

The three panelists in this Morningstar
Conversation bring three different perspectives.
Michael Finke holds doctorates in both

Our discussion took place on Feb. 10 and reflects
rates and yields as of that date. This transcript has
been edited for length and clarity.

MORNINGSTAR CONVERSATION

John Rekenthaler

John Rekenthaler is a vice president with
Morningstar Research Services LLC.

56

Morningstar Q2 2021

Michael Finke, professor of wealth management
at the American College of Financial Services.



Morningstar - Q2 2021

Table of Contents for the Digital Edition of Morningstar - Q2 2021

Contents
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