How should investors think about cryptocurrencies in general and bitcoin in particular? Are they an alternative form of money, an asset such as a commodity, an emerging technology or perhaps a speculative bubble?

Gold prices soared during the worst days of the health crisis, but have fallen back recently. What are the factors that could push the price in either direction?

This second piece in a series exploring our approach to strategic asset allocation takes a closer look at the fixed income holdings in portfolios and the important role of credit.