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    1. LTCMA Matrices

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    LONG-TERM CAPITAL MARKET ASSUMPTIONS

    Assumptions matrices

    Our expectations for returns, volatilities and correlations. Use our interactive matrices in your chosen currency to download the excel file or download the PDF version below. 

    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.

    ltcma-matrix

    Download matrix by currency

    • U.S. dollar
    • Australian Dollar
    • Korean won
    • Mexican peso
    • Colombian peso
    • Sterling
    • Chinese yuan
    • Singapore dollar
    • Canadian dollar
    • Euro
    • Japanese yen
    • Taiwan dollar
    • Swiss franc
    • Danish krone
    • Swedish krona
    • Brazilian real
    • South African rand

     

    The 26th annual edition explores how the legacy of the pandemic – limited economic scarring but enduring policy choices – will affect the next cycle. Despite low return expectations in public markets, we think investors can find ample risk premia to harvest if they are prepared to look beyond traditional asset classes.  

    DOWNLOAD THE FULL REPORT

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    Portfolio Insights

    Timely commentary, strategic perspectives and in-depth analysis from our investment teams to help guide your portfolio decisions.

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    2022 Long-Term Capital Market Assumptions

    Discover the 2022 edition of J.P. Morgan’s Long-Term Capital Market Assumptions, drawing on the best thinking of our experienced investment professionals

    Explore now
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    J.P. Morgan Asset Management

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    Important: This area of the website is intended only for distributors of JPMorgan Funds (Asia) Limited. Information is not intended for retail or public distribution.

    Investment involves risk. Past performance is not indicative of future performance. In particular, funds which are invested in emerging markets and smaller companies may involve a higher degree of risk and are usually more sensitive to price movements. Investors should carefully read and consider the fund offering document(s), which contain details on investment objectives, risk factors, charges and expenses of the fund, before making any investment decisions. Information in this website does not constitute investment advice, or an offer to sell, or a solicitation of an offer to buy any security, investment product or service, nor a distribution of information for any such purpose. Informational sources are considered reliable but you should conduct your own verification of information contained herein. The above information has not been reviewed by the SFC, issued by JPMorgan Funds (Asia) Limited.

    Copyright 2022 JPMorgan Funds (Asia) Limited. All rights reserved.