Adding credit exposure to defined contribution (DC) defaults via an unconstrained multi-asset credit fund has the potential to enhance risk-adjusted returns and improve outcomes for DC plan members.
Cyclically lower, structurally unchanged
J.P. Morgan 2019 LTCMA Alternative Strategy Assumptions
In an environment already characterized by low inflation and low interest rates, monetary stimulus will likely continue to be relatively ineffective.
A stable to improving alpha outlook offsets the beta drag
J.P. Morgan 2019 LTCMA Equity Market Assumptions
J.P. Morgan 2019 LTCMA Macroeconomic Assumptions
J.P. Morgan 2019 LTCMA Volatility Assumptions
Modestly but steadily lower returns
Mostly stable, mostly moderate