have accelerated in 2023, attracting more than $906 billion since the start of the year, according to FactSet.
"Our clients are really worried about what they see in the marketplace -- high interest rates, high inflation," Paglia said. "So, it's not a coincidence that you see high quality and low volatility being in the driver's seat." "This is not really an investment story for returns," Paglia said. "This is more of a defensive story that plays well under the current market environment."
But in a recovery stage, Scott Ladner, chief investment officer of Horizon Investments, suggested adding "junk" strategies to gain more exposure to the economic rebound.
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