Fixed income overtakes cash as the number one ranked asset class within DALI.
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After yesterday’s market action, fixed income moved ahead of cash in our DALI rankings. Fixed income now possesses 235 buy signals compared to cash which has 231 buy signals. As a reminder, there is a buffer of five signals before some DALI strategies change, like the 3-Legged Stool strategy. Looking closer at fixed income in DALI, US preferreds & convertibles are the top sub-asset class which can be attributed to the recent run-up in equities since the COVID-19 sell-off. For those wishing to be updated on asset class changes within DALI moving forward, be sure to set alerts. You can do this on the DALI overview page by clicking on the “Set Alerts” button found in the top right of the page. From there, toggle on the “Alert for a change in the Asset Class Rank” option to receive an email when a change occurs.
