Long term Capital Market Assumptions (LTCMA) form a vital component of systematic long-term asset allocation approaches.

This report highlights significant developments to our 10-year (i.e. 2025-2034) asset class return assumptions since the last review, and the impact of macroeconomic and monetary policy developments, amongst other factors. 

It presents LTCMA for selected sub-asset class indices within equities, fixed income and commodities.

 

Key takeaways:

  • A modest decline in 10-year overall equities return assumptions.
  • Normalised yield environment likely to support fixed income.
  • Returns for U.S. Treasuries and EUR High Yield have moved slightly higher.

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The PERSPECTIVES Special is currently available and client-ready for the following regions: Germany, Americas, Europe, Middle East, Africa and Asia Pacific.

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