RT Journal Article SR Electronic T1 Bond Tents: Reshaping the Equity Glide Slope at the End of Wealth Accumulation JF The Journal of Wealth Management FD Institutional Investor Journals SP 27 OP 38 DO 10.3905/jwm.2018.21.2.027 VO 21 IS 2 A1 Steve P. Fraser A1 Brian C. Payne YR 2018 UL https://pm-research.com/content/21/2/27.abstract AB Asset allocation is widely accepted as a primary driver of portfolio returns over time. Conventional investment practice recommends that investors reduce their risk and thus increase their allocation to fixed-income investments as they approach retirement. This research extends the literature by examining the shape of the fixed-income glide slope prior to retirement. The results suggest that portfolios with high fixed-income allocations, or bond tents, can serve investors well, and nonlinear glide slopes can produce favorable portfolio characteristics for investors.TOPICS: Fixed income and structured finance, portfolio construction, retirement