29-09-2020 · Insight

5-year Expected Returns: Brave real world

Few would doubt that the Covid-19 pandemic has completely changed the world. The kind of world we are now entering will be very different from the one we have left, making it much harder for investors to navigate the likely conditions for the major asset classes.


  • Laurens Swinkels

    Head of Quant Strategy

  • Peter van der Welle

    Strategist Sustainable Multi Asset Solutions

We attempt to answer this issue in the theme for our latest five year outlook: ‘Brave real world’. Unlike Aldous Huxley’s vision of a dystopian future in his novel ‘Brave new world’ written during the last Great Depression in 1932, we are much more optimistic. But there are certainly challenges ahead, and as always, forewarned is forearmed.

Our new Expected Returns 2021-2025 contains our investment outlook for all major asset classes, along with economic predictions for the likely post-Covid-19 recovery, and five special topics on the biggest issues of our times.


Download the publication (109 pages)

Expected Returns 2023-2027

Our latest 5-year outlook

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