Please note that our 2020 Long-Term Capital Market Assumptions were originally calculated as of September 30, 2019 and published in November 2019, and thus did not reflect recent extreme price moves in many asset markets resulting from the ongoing COVID-19 disruption. Please refer to the Executive Summary page to discover our updated assumptions as of March 31, 2020. Please reach out to firstname.lastname@example.org with any questions.
For the very first time we are providing an off-cycle mark-to-market of our Long-Term Capital Market Assumptions return projections, prompted by the profound shock to the economy and markets of COVID-19. Our senior investors also share personal recollections and insights from prior financial crises. While no two bear markets are the same, the lessons of history can offer a helpful perspective.
Investors and advisors depend on our projections to inform their strategic asset allocations. The assumptions are at the core of our own approach to building strong portfolio solutions aligned with clients’ investment needs.