Our expectations for returns, volatilities and correlations. Download the assumption matrix in your chosen currency or use our interactive version.
Our assumptions can be used to:
- Develop or review a strategic asset allocation
- Understand the risk and return trade-offs across and within asset classes and regions
- Assess the risk characteristics of a strategic asset allocation
- Review relative value allocation decisions
The assumptions are not designed to inform short-term tactical allocation decisions. Our assumptions process is carefully calibrated and constructed to aid investors with strategic asset allocation or policy-level decisions over a 10- to 15-year investment horizon.
Download matrix by currency
2020 Long-Term Capital Market Assumptions