Skip to main content
logo
  • Funds
    Overview

    Funds

    • Global Bond Opportunities
    • Global Income
    • Global Macro Opportunities
    • Global Research Enhanced Index

    ETF BDRs

    • ETF BRDs Investing
    • Education
  • Insights
    Overview

    Market Insights

    • Guide to the Markets
    • Guide to Investing in Asia
    • Principles for global diversification

    Portfolio Insights

    • Long-Term Capital Market Assumptions
    • Asset Class Views
  • About us
    Overview

    About us

    • Diversity & Inclusion
  • How to invest
  • Language
    • English
    • Português/ Portuguese
  • Role
  • Country
Search
Menu
Search
  1. The evolution of market structure

  • LinkedIn Twitter Facebook

The evolution of market structure

Managing illiquidity risk across public and private markets

Over the past 50 years, the roles of public and private capital markets have changed slowly but profoundly. In both markets, managing illiquidity risk remains a critical element of portfolio construction.

Public equity markets have gradually evolved from being the primary source of growth financing for corporations to being an income-bearing asset for investors and an acquisition currency for corporations. Looking ahead, we expect over 80% of returns in developed public equity markets over the next 10 years to come from dividends and buybacks, compared with less than half over the last 25 years.

Download the full article

The infographic below uses illustrations to convey the main talking points and areas of interest covered in the article.


1. Over the past 50 years, the roles of public and private capital markets have changed slowly but profoundly.

The evolution of market structure infographic 1

2. and 3. Private and public asset investments

The evolution of market structure infographic 2

4. As economic cycles mature, avoiding uncompensated public market illiquidity becomes a pressing concern for any investor in public and private assets.

The evolution of market structure infographic 3

5. Actively planning for illiquidity risk in both public and private assets will help multi-asset investors build stronger portfolios through the cycle.

The evolution of market structure infographic 4

Download the infographic

You should also read


Full report and exec summary

Choose between a comprehensive analysis of our forecasts and critical investment themes, or a simpler overview of our macro and asset class assumptions.

Download the latest full report >

Download the latest executive summary >

 


Surviving the short term to thrive in the long term

We can’t predict how the next recession will unfold, but we can provide a framework to help investors prepare for late-cycle risks.

Read the next article >

 

 


LTCMA

J.P. Morgan Asset Management's Long-Term Capital Market Assumptions draws on the best thinking of our experienced investment professionals worldwide. 

Find out more >

 

Este website possui finalidade informativa, de natureza educacional, e não foi elaborado com o intuito de servir como recomendação para produtos ou estratégias de investimento em qualquer jurisdição. Ao acessar este conteúdo, você concorda com a finalidade pretendida. Todos os exemplos usados são genéricos, hipotéticos e apenas para fins ilustrativos. O J.P. Morgan Asset Management e suas afiliadas não sugerem que quem visita este website tome qualquer ação específica. Este conteúdo não é imparcial e está sendo fornecido em conexão com a publicidade dos serviços de gestão de recursos para fundos de investimento. Antes de tomar qualquer decisão financeira, o investidor deve buscar orientação de consultores financeiros, jurídicos, tributários e profissionais que levem em conta todas as circunstâncias particulares de cada investidor. As opiniões aqui descritas baseiam-se nas condições atuais de mercado e estão sujeitas a alterações sem aviso prévio. Acreditamos que as informações fornecidas aqui são confiáveis, mas não devem ser consideradas precisas ou completas e/ou servir como base para decisões de investimento. As visões e estratégias descritas podem não ser adequadas para todos os investidores.


J.P. Morgan Asset Management é a marca comercial para a divisão de gestão de ativos do JPMorgan Chase & Co. e afiliadas no mundo.