NEW YORK ( TheStreet) -- In 2008, investors were looking for a holy grail of equity investing with absolute return vehicles as huge declines in the stock market created widespread fear. One theme in 2013 thus far has been the widespread acceptance that interest rates will rise at some point, and as June of this year showed, when this does happen, many segments of the fixed-income market will get hit very hard.Now that equities have been doing well for the last few years, the holy grail investors are looking for is a fixed-income product with a decent payout that won't get crushed when interest rates finally return to more normal levels.
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