Long-Term Capital Market Assumptions Archive
30 Apr 2020
Prompted by the profound shock to the economy and markets of COVID-19, this special edition provides an off-cycle mark-to-market of our Long-Term Capital Market Assumptions return projections.
30 Apr 2020
Prompted by the profound shock to the economy and markets of COVID-19, this special edition provides an off-cycle mark-to-market of our Long-Term Capital Market Assumptions return projections.
03 Nov 2019
This edition of our assumptions explores the trade-offs and complications of late-cycle investing, in particular the challenges to portfolio construction that zero or negative bond yields present.
03 Nov 2019
This edition of our assumptions explores the trade-offs and complications of late-cycle investing, in particular the challenges to portfolio construction that zero or negative bond yields present.
02 Nov 2018
This edition of our assumptions explores the challenges of late-cycle investing in a long-term context.
02 Nov 2018
This edition of our assumptions explores the challenges of late-cycle investing in a long-term context.
02 Nov 2017
The world economy is enjoying its best period of synchronized growth in more than a decade.
02 Nov 2017
The world economy is enjoying its best period of synchronized growth in more than a decade.
02 Nov 2016
In this edition of our assumptions, we consider the far-reaching effects of what we expect to be an extended period of policy normalization.
02 Nov 2016
In this edition of our assumptions, we consider the far-reaching effects of what we expect to be an extended period of policy normalization.
02 Nov 2015
Our 2016 assumptions anticipate a challenging investment environment as policy and economic conditions globally continue to diverge and many asset returns fall short of those achieved over the past 30 years.
02 Nov 2015
Our 2016 assumptions anticipate a challenging investment environment as policy and economic conditions globally continue to diverge and many asset returns fall short of those achieved over the past 30 years.
02 Nov 2014
The great monetary policy experiment that followed the Great Recession is starting to reverse its direction, although its destination is unknown.
02 Nov 2014
The great monetary policy experiment that followed the Great Recession is starting to reverse its direction, although its destination is unknown.
02 Nov 2013
An air of normality is gradually returning to markets and their participants.
02 Nov 2013
An air of normality is gradually returning to markets and their participants.
02 Nov 2012
Serious macroeconomic problems dominate the background to the present situation; on both sides of the Atlantic, there are unusually high levels of unemployment and critical problems with national budgets.
02 Nov 2012
Serious macroeconomic problems dominate the background to the present situation; on both sides of the Atlantic, there are unusually high levels of unemployment and critical problems with national budgets.
01 Nov 2010
We expect the global economic recovery to continue but to be dampened by persistent debt burdens.
01 Nov 2010
We expect the global economic recovery to continue but to be dampened by persistent debt burdens.