THE Ice Age is defined as a period when the Earth experiences long period of sub-zero temperatures mainly due to climate change and rising sea levels as well as other factors.
In financial markets, we too have what is termed as Ice Age investing – a period when bond yields are below zero, brought about by a multitude of factors and holding cash as an asset becomes a liability due to very low or negative returns on cash. How investors manoeuvre themselves in generating positive returns in periods of negative returns is indeed challenging.