TY - JOUR T1 - Equity Turbulence, Fixed Income Illiquidity, and Portfolio Reallocation: <em>The Case for Synthetic Rebalancing</em> JF - Trading SP - 18 LP - 27 VL - 2009 IS - 2 AU - Ross I McLellan AU - Will Kinlaw AU - Erin Abouzaid Y1 - 2009/06/20 UR - http://guides.pm-research.com/content/2009/2/18.abstract N2 - Equity Market reversals, combined with historically illiquid fixed income markets have left many global plans out of balance. Analysis of 13 previous periods of market turbulence suggests that plans should regularly rebalance to their desired allocations. To ameliorate the substantial cost of reallocation in a less-liquid market, plans should use derivative instruments to achieve “synthetic rebalancing”. ER -