While in the past few years plans don’t seem to be making drastic changes in the fixed income space, there is an acknowledgement of the importance of fixed income as a tool to combat plan challenges such as volatility. Pension executives will need to be nimbler and more adaptive moving forward, untethering from traditional allocation bias when it comes to Canadian fixed income. Canadian DB Funds are beginning their transition to global fixed income sectors as they understand the diversification benefits of these global sectors. But it’s still early days. Adding a foreign component to plans’ fixed income portfolio can be both a diversifier and a yield enhancer – an opportunity set that Canadian plans may be missing. What can help Canadian plans get more comfortable with the foreign fixed income space? Education. It’s time for investment managers and industry players to step up to increase information about how foreign fixed income can benefit Canadian plans. Building this comfort level may help make Canadian plans more open to looking beyond domestic markets in their bond portfolios.