united statesen

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
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
Bond. Corporate Bond
Bond. Corporate Bond
What should and should not be included in strategic asset allocation is a hotly debated topic.
05-11-2018 | 5-Year outlook
Bracing for climate change impact
Bracing for climate change impact
Institutional investors agree that they need to prepare for climate impact.
18-10-2021 | Digital event
China: navigating the push towards technology leadership
China: navigating the push towards technology leadership
After more than three decades of accelerated catchup with more advanced economies, China is now engaged in a race for global technology leadership.
05-10-2021 | Insight
SI Opener: How Covid-19 is worsening inequality
SI Opener: How Covid-19 is worsening inequality
The Covid-19 pandemic has reversed gains in global poverty reduction and has had a profound impact on multiple facets of inequality.
23-09-2021 | SI Opener
Learnings from three years of SDG credits investing
Learnings from three years of SDG credits investing
The Sustainable Development Goals have made it possible to earn financial returns while also making a real difference to people’s lives.
09-09-2021 | Product webinar

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.

Logo

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