kaal:claim:5454054-014

The sustained underperformance of U.S. Treasuries relative to equities from 2015 to 2025 triggered a $10 trillion capital exodus from fixed income into alternative investments.

Source quote, verbatim
This performance disparity triggered a $10 trillion capital exodus from fixed income to alternatives investments.
From

Wulf A. Kaal, Liquid Equity Rewards (2025), Market Opportunity for LER, p. 16
https://ssrn.com/abstract=5454054 · source PDF

Cite as

Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054

Holds when
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empiricalsupport: evidencedeconomicsdefi

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