The big shift: the search for income begins

There have been significant increases in interest rates across all major markets in the last 12 months. This has been caused primarily by inflation concerns causing central banks to raise rates. As a result, the world has quickly moved into a higher rate environment after over a decade of near-zero interest rates and many commentators wondering they would ever rise again to more normal longer-term levels. While the rise in interest rates is interesting from a macroeconomic perspective it also f