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Access to the funds is restricted to (i) Qualified Investors within the meaning of art. 10 para. 3 et sequ. of the Swiss Federal Act on Collective Investment Schemes (“CISA”), (ii) Institutional Investors within the meaning of art. 4 para. 3 and 4 of the Financial Services Act (“FinSA”) domiciled Switzerland and (iii) Professional Clients in accordance with Annex II of the Markets in Financial Instruments Directive II (“MiFID II”) domiciled in the European Union und European Economic Area with a license to distribute / promote financial instruments in such capacity or herewith requesting respective information on products and services in their capacity as Professional Clients.
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Previous Expected Returns editions
Every year, we present our forecasts for the 5-year Expected Returns for all major asset classes. Find an overview of our previous editions.
2025- 2029
5-year Expected Returns: Atlas Lifted
Robeco is pleased to launch the 14th edition of its flagship annual publication, Expected Returns 2025-2029. This year’s edition, titled Atlas Lifted, delves into the transformative economic landscape of the next five years.
2024-2028
5-year Expected Returns: Triple power play
Robeco is pleased to launch the 13th edition of its flagship annual publication, Expected Returns 2024-2028. The title this year is ‘Triple Power Play,’ in which our experts predict that three separate but overlapping forces are set to dominate markets over the next five years.
2023-2027
5-year Expected Returns: The Age of Confusion
Welcome to terra incognita, a new era in which the certainties that a generation of investors have grown so used to have started to crumble before our very eyes. Confusion has taken center stage on financial markets.
2022-2026
5-year Expected Returns: the Roasting Twenties
Things are heating up and our tech optimism is intertwined with that sinking feeling that climate catastrophe is closing in. Climate change will impact society, politics and business. It will shake up the corporate landscape.
2021 - 2025
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.
2020 - 2024
5-year Expected Returns: Escaping the hall of mirrors
This year’s theme of our 5-year outlook, ‘Escaping the hall of mirrors’, is inspired by the peculiar conditions investors face in today’s financial markets. Central banks have been very central indeed and dictated market outcomes for a long time. Has their role changed recently – to merely reacting to what markets seem to demand?
2019-2023
5-year Expected Returns: Patience is a virtue
Download our Expected Returns 2019-2023 report (116 pages). This publication includes our five-year investment outlook for all major asset classes. In five special features we also look at some of the tough questions professional investors face today.
