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5-year Expected Returns

2019-2023

Patience is a virtue

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5-year Expected Returns 2022 - 2026: The Roasting Twenties

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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

4.00%

Return on emerging market equities

4.50%

Return on Euro Government Bonds

-1.25%

Annual returns denominated in euros

5-year Expected Returns in 5 minutes

With valuations for every major asset class looking stretched, a transition to the next phase could easily send markets into a tailspin. So, what should investors do?

Our 5-year Expected Returns includes:

  • The expected returns for all major asset classes for the 2019-2023 period
  • Analysis of market valuations and scenario analysis
  • Five special topics

For the outlook on long-term steady-state returns, read our Long-Term Expected Returns.

Last year's publication won the Best Asset Allocation Paper 2017 award
Bart Oldenkamp

Expected returns play a vital role in an investor’s strategic decision-making. With this publication, we aim to help investors with their strategic asset allocation and asset liability management.

Bart Oldenkamp, Head of Robeco Investment Solutions

Special topics

In this section we address five questions faced by professional investors.

More

Special topics

In this section we address five questions faced by professional investors.

More
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For many years, the debate has raged among investors and academics about whether sustainable investors need to sacrifice returns in order to achieve their values.
23-06-2022 | SI Dilemmas
Circular solutions – a triple threat for supply chain challenges
Circular solutions – a triple threat for supply chain challenges
The certainty of climate change combined with the uncertainty of geopolitics means risks to supply chains are greater than ever.
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Sustainable investing for insurers
Sustainable investing for insurers
The way in which insurers are treating sustainability and climate change has become more focused, a study by Milliman has revealed.
14-06-2022 | インサイト
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投資家の8割がエンゲージメントを重視
ロベコの「世界気候調査」において、投資家の約80%が、この先2年間にエンゲージメントが投資方針の重要要素になると回答しました。
13-06-2022 | インサイト

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