As the global economy enters its third year of recovery, interest rates continue to remain close to historic lows. But as the economy starts to normalize over the long-term, there’s an expectation that rates will rise – arguably by a lot. This leaves investors asking not if, but when rates will rise, and what they should be thinking about in order to prepare portfolios for this inevitable occurrence. iShares Chief Investment Strategist Russ Koesterich weighs in on this important discussion.

Click here for the full August Market Perspectives paper on this topic.