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2021 Long-Term Capital Market Assumptions

The 25th annual edition explores how the policies adopted to tackle the COVID-19 crisis will affect the next cycle – and how investors can craft a new portfolio for a new decade.

ALIGNING INVESTMENTS WITH VALUES

In a fast-changing world, sustainability is a growing concern for our clients. Many investors have twin goals: to generate returns, and to do so in a way that aligns with their values.

We are committed to incorporating the management of risks associated with environmental, social and governance (ESG) factors across our entire investment platform. For investors who want to express their values explicitly in their portfolios, we offer a broad range of sustainable investment capabilities.

EXPLORE OUR MOST POPULAR INSIGHTS

Guide to the Markets

The Guide to the Markets illustrates a comprehensive array of market and economic histories, trends and statistics through clear charts and graphs.

2021 Long-Term Capital Market Assumptions

Time-tested projections to help build stronger portfolios

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Eye on the Market

Eye on the Market offers timely commentary and views on the economy, markets, and investment portfolios from Michael Cembalest, Chairman of Market and Investment Strategy.

Global Asset Allocation Views 4Q20

Our updated views reflect a moderately greater risk tolerance and a recognition that central banks are “all in.” We are neutral stocks vs. bonds, prefer U.S. equities, overweight investment grade credit and reduce duration to a small underweight.

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Global Equity Views 4Q20

Discover our insights into global equity markets, including investors' views on the greatest risks and opportunities in the face of the ongoing pandemic.

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Global Fixed Income Views 4Q20

Unprecedented stimulus was effective yet challenges remain. Above Trend Growth is still our base case; our preferences include certain U.S. corporates, munis.

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Factor Views 4Q20

Factor performance was mixed, on balance, over the quarter with many factors following their recent trajectories. Fundamental factors generally underperformed; merger arbitrage had a strong quarter.

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