Quantitative Research

What is the Expected Course of Equity Returns?

Domestic equity returns have fluctuated throughout the decades. Investors catching the high ends of equity returns may have averaged about 7.5% real return since the beginning of the 1990s and more than 10% real return in the current decade. In our paper, “Expected Course of the Expected Equity Returns,” we discuss and calculate the likely rate of return on domestic equities in the long-term, or over a full market cycle, which may span a ten-year period of peak-to-peak or trough-to-trough returns.

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The information, analysis, and opinions expressed herein are for general and educational purposes only. Nothing contained in this report is intended to constitute legal, tax, accounting, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Information has been obtained from sources believed to be reliable, however, Envestnet | PMC cannot guarantee the accuracy of the information provided. The information, analysis and opinions expressed herein reflect our judgment as of the date of writing and are subject to change at any time without notice.