Following their sharp rises earlier on in the year, government bond yields have steadied over the past few weeks. Perhaps reflecting this, both global equities and developed market (DM) REITs have generally rallied sharply since the previous edition of the Long Run Returns Monitor was published in early March. Given that our forecasts for where most equity and REIT indices will end 2030 are little changed, their further recent climb means that our projections for returns from these asset classes between now and then have become a bit less positive. However, the big picture is that, in most cases, our projections have not changed a great deal from those detailed in our Long Run Asset Allocation Outlook. We think that that the returns from most “risky” assets will fall short of those seen over the past decade, but will still beat those from “safe” ones by a wide margin. The exception to this is industrial commodities, for which we forecast that returns will be quite poor.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services