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Balanced funds ill-suited for fixed income blow-up

Typical balanced superannuation portfolios are ill-equipped to protect investors from the impending end of quantitative easing and the subsequent rise in global bond yields, according to Russell director of client strategies for Asia Pacific Scott Fletcher.

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Read more: Asia Pacific Scott FletcherRussellAsia PacificScott FletcherFederal Reserve chairman Ben BernankeFederal Reserve interest rate hikesInvestmentSeptemberUS unemployment