RT Journal Article SR Electronic T1 Equity Turbulence, Fixed Income Illiquidity, and Portfolio Reallocation: The Case for Synthetic Rebalancing JF Trading FD Institutional Investor Journals SP 18 OP 27 VO 2009 IS 2 A1 Ross I McLellan A1 Will Kinlaw A1 Erin Abouzaid YR 2009 UL http://guides.pm-research.com/content/2009/2/18.abstract AB 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”.