Is ‘cash-plus’ investing dead?

Cash-plus investing is a worthy quest. For many investors, the prospect of a return greater than a savings account in exchange for slightly higher volatility is an attractive proposition. Sadly, consistently delivering on that promise through different market conditions has proven to be extremely difficult, says Artemis. The challenge for fixed-income investors in attempting to deliver cash-plus returns is even greater, particularly after the re-set in bond yields. The reason is simple: shorting bonds is expensive. However, Artemis says the case for going back to the old ways is compelling....