Our monthly Long Run Returns Monitor provides an updated set of projections for the returns from major asset classes over the next few decades. Given that the period since the previous edition of this document has been a fairly quiet one for financial markets, our latest projections have changed only slightly. We continue to think that the returns from bonds over the next ten years or so will be meagre, those from global equities and DM REITs reasonable, but that those from commodities will be deeply negative.
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