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                    <span class="caption"> by                                             PH&N Institutional                                </span>
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					<p><span>The current environment of ultra-low interest rates and very modest domestic bond yields has many investors considering alternatives to the traditional asset allocation approach. As a result, investment in multi-asset credit (MAC) solutions has been growing. The flexibility and dynamic asset allocation that MAC strategies employ help to provide effective tools to navigate uncertain markets and to pursue higher yields, thus more effectively meeting the needs of today&rsquo;s investor.</span></p>
<p><span>The following paper aims to define the characteristics that make multi-asset credit unique as well as explore the benefits that the inclusion of these strategies can bring to a balanced investment portfolio.</span></p>
<p><span>Read the full piece <a href="/documents/en/articles/multi-asset-credit-flexibility-for-navigating-a-low-rate-environment.pdf">here</a>.</span></p>


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vueMethods.updateURL = function(paramName, paramValue, regexToExecute){ var re = new RegExp(regexToExecute,"g"); var currentQueryString = window.location.search; var newQueryString = currentQueryString.replace(re, ""); if(paramName != ""){ if(Array.isArray(paramName)){ newQueryString = (newQueryString == "")? "?" : "?" + newQueryString; newQueryString = newQueryString.replace("??", "?"); paramName.forEach(function(el, i){ newQueryString += "&" + el + "=" + paramValue[i];	 }); newQueryString = newQueryString.replace("?&", "?"); } else { newQueryString = (newQueryString == "")? "?" :  "?" + newQueryString + "&"; newQueryString = newQueryString.replace("??", "?").replace("?&", "?"); newQueryString += paramName + "=" + paramValue; } } var currentBaseUrl = (window.location.href.split("?").length > 0)? window.location.href.split("?")[0] : window.location.href; var updatedUrl = currentBaseUrl + newQueryString; window.history.replaceState({}, document.title, updatedUrl); }; </script>
<script>
// vueData.subscriptionIframeHeight = '600px';
// window.addEventListener('message', function(e){
//     // location.href = e.data.url;
//     // console.log(e);
//     // console.log('boom');
//     if (e.data.height > 0) vueData.subscriptionIframeHeight = (e.data.height + 50) + 'px !important';
//     // console.log(e.data.sublist);
//     if(typeof e.data.sublist != "undefined"){
//     dataLayer.push({ 'event' :  'rbcwmEvent', 'data-analytics' :  '20', 'data-label': e.data.sublist.join(',')});//     }
// });

vueData.subFirstName = '';
vueData.subLastName = '';
vueData.subEmail = '';
vueData.subEmailVerif = '';
vueData.subLang = 'en';
vueData.subDc = null;

vueData.subIsSuccessful = false;
vueData.subIsLoading = false;
vueData.subSubmitted = false;
vueData.subTermsAndconditions = false;
vueData.subButtonText = 'Sign me up';
vueData.subError = false;
vueData.subErrorText = 'There was an error';
vueData.subMacroMemo = false;
vueData.subEconomicOutlook = false;
vueData.subGlobalInvestmentOutlook = false;
vueData.showMacroMemoModal = false;
vueData.subscriptionFormTitle = 'Stay informed';

	
vueMethods.macroMemoModalToggle = function() {
	this.showMacroMemoModal = !this.showMacroMemoModal;
};
vueData.showEconomicOutlookModal = false;
vueMethods.economicOutlookModalToggle = function() {
	this.showEconomicOutlookModal = !this.showEconomicOutlookModal;
};
vueData.showGlobalInvestmentOutlookModal = false;
vueMethods.globalInvestmentOutlookModalToggle = function() {
	this.showGlobalInvestmentOutlookModal = !this.showGlobalInvestmentOutlookModal;
};
vueData.subURL = 'https://api.cment.net/RBCGAM/SFSubscriptionShare';
vueMethods.subValidateEmail = function() {
	var reg = /^\w+([-+.']\w+)*@\w+([-.]\w+)*\.\w+([-.]\w+)*$/;
	if (this.subEmail.trim().length == 0){
		return false;
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	if (reg.test(this.subEmail)){
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	else{
		return false;
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};


vueMethods.getSubNames = function() {
	var tempList = [];
	if(this.subMacroMemo == true) {
		tempList.push("macromemo");
	}
	if(this.subEconomicOutlook == true) {
		tempList.push("monthlybrief");
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	if(this.subGlobalInvestmentOutlook == true) {
		tempList.push("gio");
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vueMethods.subscriptionSubmit = function() {
	var _self = this;
	var subList = _self.getSubNames();
	// var subscriptionData = { SubReq: { EmailAddress: _self.subEmail, SubList: subList}};
	var subscriptionData = { firstName: _self.subFirstName, lastName: _self.subLastName, email: _self.subEmail, language: _self.subLang, dealercode: _self.subDc, subscribe: subList};
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	_self.subSubmitted = true;
	_self.subButtonText = 'Sending...';
	
    let macromemoCheckbox = vueData.subMacroMemo ? '_#macromemo': '';
    let theMonthlyBriefCheckbox = vueData.subEconomicOutlook ? '_the_monthly_brief': '';
    let gioCheckbox = vueData.subGlobalInvestmentOutlook ? '_global_innvestment_outlook': '';

	
	fetch(_self.subURL, {
		method: "POST", 
		mode: "cors",
		headers: { 'Accept': 'application/json', 'Content-Type': 'application/json' },
		body: JSON.stringify(subscriptionData)
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		return response.json();
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		if (data.status == 200) {
			_self.subButtonText = 'Registered, thank you!';
			_self.subIsSuccessful = true;
			_self.subIsLoading = false;
			_self.subError = false;
 
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                event: 'generate_lead',
                funnel_cateogry: 'contact form',
                funnel_step_number: '3',
                funnel_step_name: 'submit',
                transaction_id: undefined,
                funnel_name: 'generate_lead_join_our_mailing_list',
                link_text: `${macromemoCheckbox}${theMonthlyBriefCheckbox}${gioCheckbox}`.slice(1),
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            window.dataLayer = window.dataLayer || [];
            window.dataLayer.push({
                event: "purchase",
                method: "submit",
                ecommerce: {
                    transaction_id: undefined, 
                    items: [{
                        item_name: 'generate_lead_newsletter_subscription',
                        item_category: "lead generation"
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                }
            });
            
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			_self.subError = true;
			_self.subErrorText = 'Error - '+ data.id[0].label + ': ' + data.id[0].errorMsg;
			_self.subSubmitted = false;
			_self.subIsLoading = false;
			_self.subButtonText = 'Sign me up';
			
			
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	}).catch(function(error){
		_self.subError = true;
		_self.subIsSuccessful = false;
		_self.subSubmitted = false;
		_self.subErrorText = 'There was an error';
		_self.subIsLoading = false;
		_self.subButtonText = 'Sign me up';
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};</script> <script>
vueData.server = "production";function setLocalStorage(name, value, exdays) {var d = new Date();d.setTime(d.getTime() + (exdays*24*60*60*1000));var expires = d.toUTCString();if(typeof window.localStorage != 'undefined'){
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			"id": "nav.products",
			"name": "Products",
			"title": "Products",
			"separator": "nav.products" == "nav.tools",
			"summary": "",
							"children": [
																		{
																"id": "nav.products.mutualfunds",
								"name": "Mutual funds",
								"title": "Mutual funds",
								"summary": "",
																	"children": [
																																																				{ /* true */
																								"id": "Mutual funds list",
												"name": "Mutual funds list",
												"title": "Mutual funds list",
												"summary": "",
												"link": "/en/ca/products/mutual-funds/index"
												},																																																						{ /* true */
																								"id": "nav.products.aboutmutualfunds",
												"name": "About RBC mutual funds",
												"title": "About RBC mutual funds",
												"summary": "",
												"link": "/en/ca/products/mutual-funds/about/"
												},																																																						{ /* true */
																								"id": "RBC Fixed Income Pools",
												"name": "RBC Fixed Income Pools",
												"title": "RBC Fixed Income Pools",
												"summary": "",
												"link": "/en/ca/products/mutual-funds/rbc-fixed-income-pools"
												},																																																						{ /* true */
																								"id": "nav.products.rbcportfoliosolutions",
												"name": "RBC Portfolio Solutions",
												"title": "RBC Portfolio Solutions",
												"summary": "",
												"link": "/en/ca/products/mutual-funds/rbc-portfolio-solutions/"
												},																																																																																																																																																																			]
															},																								{
																"id": "nav.products.etfs",
								"name": "ETFs",
								"title": "ETFs",
								"summary": "",
																	"children": [
																																																				{ /* true */
																								"id": "ETFs list",
												"name": "ETFs list",
												"title": "ETFs list",
												"summary": "",
												"link": "/en/ca/products/etfs/index"
												},																																																						{ /* true */
																								"id": "About RBC iShares ETFs",
												"name": "About RBC iShares ETFs",
												"title": "About RBC iShares ETFs",
												"summary": "",
												"link": "/en/ca/products/etfs/rbc-ishares"
												},																																																						{ /* true */
																								"id": "nav.products.etfinvestmentstrategies",
												"name": "ETF investment strategies",
												"title": "ETF investment strategies",
												"summary": "",
												"link": "/en/ca/products/etfs/etf-investment-strategies/"
												}																																							]
															},																								{
																"id": "nav.products.alternativeinvestments",
								"name": "Alternative investments",
								"title": "Alternative investments",
								"summary": "",
																	"children": [
																																																				{ /* true */
																								"id": "Alternative investments list",
												"name": "Alternative investments list",
												"title": "Alternative investments list",
												"summary": "",
												"link": "/en/ca/products/alternative-investments/index"
												},																																																						{ /* true */
																								"id": "nav.products.aboutalternativeinvestments",
												"name": "About RBC alternative investments",
												"title": "About RBC alternative investments",
												"summary": "",
												"link": "/en/ca/products/alternative-investments/about/"
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					},				{
			"id": "nav.insights",
			"name": "Insights",
			"title": "Insights",
			"separator": "nav.insights" == "nav.tools",
			"summary": "",
							"link": "/en/ca/insights/"
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			"id": "nav.learnplan",
			"name": "Learn & plan",
			"title": "Learn & plan",
			"separator": "nav.learnplan" == "nav.tools",
			"summary": "",
							"children": [
																		{
																"id": "nav.learnplan.typesofinvestments",
								"name": "Types of investments",
								"title": "Types of investments",
								"summary": "",
																	"children": [
																																																				{ /* true */
																								"id": "nav.learnplan.whataremutualfunds",
												"name": "All about mutual funds",
												"title": "All about mutual funds",
												"summary": "",
												"link": "/en/ca/learn-plan/types-of-investments/mutual-funds/"
												},																																																						{ /* true */
																								"id": "nav.learnplan.whatareetfs",
												"name": "ETF Learning Centre",
												"title": "ETF Learning Centre",
												"summary": "",
												"link": "/en/ca/learn-plan/types-of-investments/etfs/"
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																"link": "/en/ca/learn-plan/retirement-resources"
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																"id": "Investment basics",
								"name": "Investment basics",
								"title": "Investment basics",
								"summary": "Learn about the basic principles of investing to make smarter decisions about your money.",
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																"id": "Investment strategies",
								"name": "Investment strategies",
								"title": "Investment strategies",
								"summary": "Learn strategies to help you identify your goals and gain a deeper understanding of the investing world.",
																"link": "/en/ca/learn-plan/investment-strategies"
															},																								{
																"id": "Learn & plan",
								"name": "Learn & plan",
								"title": "Learn & plan",
								"summary": "",
																"link": "/en/ca/learn-plan/index"
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			"id": "nav.aboutus",
			"name": "About us",
			"title": "About us",
			"separator": "nav.aboutus" == "nav.tools",
			"summary": "",
							"children": [
																		{
																"id": "Our story",
								"name": "Our story",
								"title": "Our story",
								"summary": "",
																"link": "/en/ca/about-us/our-story"
															},																								{
																"id": "Responsible investment",
								"name": "Responsible investment",
								"title": "Responsible investment",
								"summary": "",
																"link": "/en/ca/about-us/ri"
															},																								{
																"id": "Our teams",
								"name": "Our teams",
								"title": "Our teams",
								"summary": "",
																"link": "/en/ca/about-us/our-teams"
															},																								{
																"id": "RBC iShares",
								"name": "RBC iShares",
								"title": "RBC iShares",
								"summary": "",
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															},																								{
																"id": "Leadership",
								"name": "Leadership",
								"title": "Leadership",
								"summary": "",
																"link": "/en/ca/about-us/leadership"
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let timerForSearch = null;

vueMethods['megaSearchKeyUp'] = function(e){
clearTimeout(timerForSearch);

timerForSearch = setTimeout(() => {

if (e.target.value.trim() !== '' ) {
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        event: "view_search_results",
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}, 1000)

var key = e.key.toLowerCase();var _self = this;if(key.indexOf('enter') > -1 && _self.searchResultsActive == -1){var encodedQuery = encodeURIComponent(_self.searchTerm);
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console.log('Hello');
var _self = this;if(e.target.classList.value.indexOf('briefcase') == -1){dataLayer.push({ 'event' : 'rbcwmPageview', 'virtualpath' : '/en/ca/virtual/search-results-megasearch/?q=' + _self.searchTerm, 'virtualtitle' : 'Virtual Search Results','data-searchterm' : _self.searchTerm, 'data-totalresults': _self.searchResults.length});window.dataLayer.push({
    event: 'click_search_results',
    event_type: 'search',
    method: 'generic search', 
    link_text: e.target.textContent,
    link_url: _self.getLinkUrl(e),
    link_domain: window.location.hostname,
    outbound: outbound,
});

location.href = (r.type == 'mf')? '/en/ca/products/mutual-funds/' + r.fundCode + '/detail/' : '/en/ca/products/etfs/' + r.fundCode + '/detail/';}};vueMethods['megaSearch'] = function(e){var _self = this;_self.searchResultsActive = -1;if(e != ""){_self.searchTerm = e;fetch("/en/ca/megamenu-search?search=" + e).then(function(response){ return response.json();}).then(function(data){ _self.searchResults = data.data;}).catch(function(e){_self.searchResults = [];})}else {_self.searchResults = [];_self.searchTerm = '';}};

vueMethods['toggleLanguage'] = function(e) {
    console.log("toggleLanguage", e);
    if (e.countryCode !== "ca"){
        if(e.countryCode === "gb") {
            location.href = "/en/landing?preselect=eu";
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            let newQueryString = "";
            location.href = "/" +e.languageCode + currentUrl + newQueryString;
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};

vueMethods.mobileSearch = function(e){location.href = '/en/ca/search-results/?q=' + e;}


vueMethods.getLinkUrl = function(event) {
    const element = vueMethods.findAncestorLinkElement(event.target);
    return vueMethods.getLinkUrlHelper(element && element.href);
}
    
vueMethods.findAncestorLinkElement = function(target) {
        let a = target;
        while (a && a.tagName !== 'A') {
            a = a.parentNode;
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        return a && a.tagName === 'A' ? a : null;
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vueMethods.getLinkUrlHelper = function(url) {
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            return '';
        }
        
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        return isAbsoluteUrl ? url : window.location.origin + url;
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