In the face of increased global economic uncertainty, geopolitical risks, and the effects of the Trump Administration’s economic strategies, investors need to balance the need for attractive levels of yield versus the need for downside protection. With the Reserve Bank of Australia (RBA) set to initiate its easing cycle, yields declining worldwide, term deposit rates diminishing, APRA phasing out hybrids, and inflation easing, investors must be mindful of the potential gaps and reassess in their strategies for income generation and the construction of defensive asset portfolios. At c...