An income from a pension or investment that is set at a particular figure and does not vary (as a dividend) or rise with the rate of inflation.
- Catastrophic fixed-income investments, or cat bonds, are an alternative that offers the prospect of returns as high as 20%.
- In addition, investing in these bonds may help to diversify your fixed-income holdings.
- The fixed-income markets, interest rates and monetary policy are touched on lightly, if at all.
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