![Fixed income, corporate bonds Fixed income, corporate bonds](https://images.investmentofficer.com/sites/default/files/styles/large/public/photo-hero-ci-ria-high-income-1440x810_960x540.jpg?itok=yiR-DSBK)
Heightened market volatility and uncertainty has once again refocused investors’ minds onto answering the question of the optimal route to constructing a well-diversified portfolio. The benefits of diversification are always sought, and while the correlation between equities and bonds turned positive in 2022, we expect that high-quality bonds should once again offer relative stability and diversification to risk assets, one of the key roles of bonds in a diversified portfolio, as central banks approach the end of their rate hiking cycles.