The Pitfalls of Predicting Market Returns: Analyzing Capital Market Assumptions Over the Past Decade

August 23, 2024 — Consultants and asset managers use capital market assumptions (CMAs) to inform their expectations for asset returns and risks and to guide the investment decisions that enable clients to achieve their long-term financial goals. In this piece, we compare nine examples of 10-year CMAs to actual market index returns.

  • DATE: August 23, 2024
  • TYPE: PDF
generic image

Featured Insights

generic image
Responsible Investing

Clean Energy in America: The Inflation Reduction Act Turns Two

August 22, 2024 -- When the Inflation Reduction Act (IRA) was signed into law by President Biden two years ago, many were hailing the “Green New Deal” as a once-in-a . . .

Learn more >

generic image
Fixed Income

Fixed Income Perspectives — August 2024

August 16, 2024 -- This presentation provides an overview of our market outlook and key themes, and it illustrates how Sage is positioned in the current environment.

Learn more >

generic image
Fixed Income

Signal Through the Noise

August 12, 2024 -- The unwind of the yen carry trade on the morning of August 5th injected a level of volatility in markets reserved only for crisis periods. The carry trade...

Learn more >