Any comments on BIPs, which I have under consideration for Mrs M's pf? Aims: reducing risk in an equity-heavy pf at a time when markets are high; providing income to supplement her pension should I die first. Target is a fairly hands-off pf where both capital and income at least keep pace with inflation over, say, a three year cycle, and where she has to do little by way of management other than periodic rebalancing. pf currently yields about 3% and has grown 8% year to date.
Solid (or more solid) alternatives?