18-09-2017 · 5-Year outlook

Longer-term Expected Returns

The Long-term Expected Returns (Chapters 3 and 4 in previous editions of our 5-year Expected Returns) have now been made into a stand-alone publication.


  • Peter van der Welle

    Strategist Sustainable Multi Asset Solutions

In this publication we build on the methodology from previous editions to derive the expected long-term returns on a wide set of asset classes. These long-term expected returns can be used as the equilibrium returns for asset-liability management (ALM) studies for long-term investors such as pension or endowment funds.

Download the Long-term Expected Return PDF