By
Borsgade
In this article, AQR (Cliff Asness’ investment firm) updates their estimates of expected returns over the medium term (5 to 10 years) for major asset classes.
In 2023, expected returns fell for equities but increased further for bonds and cash, following larger increases in 2022. This implies slimmer equity risk premia. The expected real return of a global 60/40 portfolio held steady at 3%, near its decade high and near the historical average since 1990, but still well below the longer-term U.S. average of nearly 5% since 1900.1
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Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk
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