Best Asset Allocation Paper
Savvy Investor Awards 2019
In our 116-page outlook, we present our forecasts for the 5-year Expected Returns for all major asset classes.
Return on developed market equities
3.25%
Return on emerging market equities
3.75%
Return on Euro Government Bonds
-1.75%
Annual returns denominated in euros
By reacting to market expectations for further easing, monetary policy becomes a distorted image of its former self. Can central banks escape the ‘hall of mirrors’?
Our 5-year Expected Returns includes:
- The expected returns for all major asset classes for the 2020-2024 period
- Analysis of market valuations and macro scenarios
- Four special topics
For the outlook on long-term steady-state returns, read our
Long-Term Expected Returns.
A notable shift in this year’s report is our downward revision of expected returns, owing to our view that a recession is inevitable between now and 2024.
Peter van der Welle, Multi-Asset StrategistSpecial topics
In this section we address four questions faced by professional investors.
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‘Escaping the hall of mirrors’
Find out what our expected returns for all major asset classes are.
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