5-year Expected Returns

2019-2023

Patience is a virtue

Download full publication

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

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.

Special topics

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

The potential rewards of diversifying away from US Equities

A perpetual problem for investors is deciding what assets to allocate to.

15-10-2018 | 5-Year outlook

Oil will have to be written off at some point. But not yet!

Stranded assets do not currently threaten the prosperity of oil companies, which still have a role to play in portfolios, says Chief Economist Léon Cornelissen.

22-10-2018 | 5-Year outlook

All roads lead to Rome but few lead to Italian debt sustainability

It was a warning made two and a half centuries ago – but it has stood the test of time.

29-10-2018 | 5-Year outlook

What should and should not be included in strategic asset allocation is a hotly debated topic.

05-11-2018 | 5-Year outlook

It’s one of the best-known acronyms in finance – and it remains a good indicator of where stocks might go.

12-11-2018 | 5-Year outlook

Leave your details and download the paper

This report is not available for users from countries where the offering of foreign financial services is not permitted, such as US Persons.

Your details are not shared with third parties. This information is exclusively intended for professional investors. All requests are checked.

Disclaimer

This page is intended for US prospects, clients and investors only and includes information about the capabilities, staffing and history of RIAM US and its participating affiliates, which may include information on strategies not yet available in the US. SEC regulations are applicable only to clients, prospects and investors of RIAM US. Robeco BV, Robeco HK and Robeco SH are considered a “participating affiliate” of RIAM US and some of their employees are “associated persons” of RIAM US as per relevant SEC no-action guidance. Employees identified as associated persons of RIAM US perform activities directly or indirectly related to the investment advisory services provided by RIAM US. In those situations, these individuals are deemed to be acting on behalf of IUAM, a US SEC registered investment adviser.

By clicking I agree, I confirm that I have read and understood the above.

I Disagree