Scott Burns: The ever-changing role of fixed income in your portfolio. Hi there. I'm Scott Burns, Morningstar's Director of Fund Research. Joining me today to discuss bonds in the portfolio is Michael Jones, chief investment officer and chairman of the RiverFront Investment Group.
Michael, you've been participating in the ETF Invest Conference and part of the discussion that you had on your panel was about fixed income--not just, are they overvalued or undervalued or what's the inflation outlook, but really more holistically, what is the role of fixed income in the portfolio? Is it changing?