At LFA, we are focused on positioning client portfolios to protect and grow their investments prudently over the long term. In line with research and focus on broad diversification and long-term strategic asset allocation, we recently increased bond duration across several portfolios to take advantage of new opportunities in the bond market. We also made a change across many portfolios to increase international equity exposure, based on long-term growth expectations and attractive valuations. Where appropriate, we added new equity-linked structured notes to specific client portfolios that offer attractive income aligned with their unique goals and objectives.
Investor patience often gets tested in the near-term based on recent events. Staying focused on your goals, and how your portfolio relates to them, is now as important as ever. With both history and experience as our guide, we know how patience and perseverance have rewarded investors over time and how human ingenuity pushes economies forward in pursuit of a brighter future.
As always, please reach out to your LFA financial advisor with any questions or concerns.