10-year forecasts: what returns do we expect from major asset classes?
Our latest forecasts for absolute returns from 2023-2032 for various asset classes.
The Schroders Multi-Asset long-term capital market assumptions are forward-looking estimates of total returns which are an important component for the team’s strategic asset allocation modelling and portfolio construction.
This note presents our latest 10-year capital market returns forecasts in local currency terms and provide a brief outline of our methodology. Our approach was developed using a framework predominantly based on market measures allowing for a transparent, timely and systematic process updated twice a year.
Return expectations across asset classes have been raised relative to our Jun-2022 forecasts largely due to further increases in government bond yields. The increased equity return forecasts have also been driven by continued falls in valuations since our last publication.
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