WIP - Total Return Forecasts: Major Asset Classes - May 2 2024
2024-05-03 09:06:00 ET
Summary
- The long-term return forecast for the Global Market Index edged higher for a third straight month in April.
- US stocks are still the outlier for expected return among the various asset classes.
- As a baseline assumption, GMI is currently projected to generate a long-term 7.0% annualized return, which is moderately above its trailing 6.4% return over the past 10 years.
The long-term return forecast for the Global Market Index (GMI) edged higher for a third straight month in April. The revised estimate (based on three models defined below) indicates a 7.0% annualized return for the unmanaged benchmark, which holds all the major asset classes (except cash), according to market weights via a set of ETF proxies. This projection marks a slight increase from the previous month’s outlook. ...
Total Return Forecasts: Major Asset Classes - May 2, 2024