It may be time to look beyond North America for yield.

People continue to hope this is the year for equities.

A bond rating isn’t the only indicator of quality, says Patrick Bradley, a product specialist with the global fixed income team with Brandywine Global in Philadelphia.

Advisors often position bonds as reliable, solid investments. But with global economies faltering, both planners and clients have started questioning their value.

Consider secondary currencies when looking for yield, says Patrick Bradley, a product specialist with the global fixed-income team at Brandywine Global in Philadelphia. He also manages the Renaissance Optimal Income Portfolio.