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.
Featured Insights
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 . . .
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.
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...