Bonds have underperformed over the past decade, and investors should consider shifting some of their bond allocation to managed futures exposure, according to Andrew Beer, co-founder of DBi, as reported by CNBC. He believes that managed futures strategies can effectively hedge against stock market volatility, offering a fresh perspective for traditional 60/40 portfolios. Beer's iMGP DBi Managed Futures Strategy ETF (DBMF) has risen nearly 19% year-to-date (as of Thursday's close). However, Nate Geraci, president of NovaDius Wealth Management, argues that bonds still play a role in diversified portfolios and should not be entirely abandoned.