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5-year Expected Returns
2021-2025

5-year Expected Returns

Brave real world

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Peter van der Welle

With ultra-low nominal interest rates and significantly negative real interest rates for longer, the brave real world is a paradoxical one, with risky safe havens.

Peter van der Welle, Multi-Asset Strategist

5-year return forecast

EUR
USD
Base
Growth
Covid


Our 5-year Expected Returns includes:

  • The expected returns for all major asset classes for the 2021-2025 period
  • Analysis of market valuations and macro scenarios
  • Five special topics

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

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.

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The Executive Summary

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‘Brave real world’

Find out what our expected returns for all major asset classes are.


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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.

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