Research and Publications
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PrintOur annual publication summarizes our long-term (10-15 year) return expectations, expected volatilities and correlations across key asset classes.
J.P. Morgan Asset Management long-term capital market return assumptions are developed each year by our Assumptions Committee, a multi-asset class team of senior investors from across the firm. The Committee relies on the input and expertise of a range of portfolio managers and product specialists, striving to ensure that the analysis is consistent across asset classes. The final step in the process is a rigorous review of the proposed assumptions and their underlying rationale with the senior management of J.P. Morgan Asset Management.
Our long-term capital market return assumptions are used widely by institutional investors — including pension plans, insurance companies, endowments and foundations — to ensure that investment policies and decisions are based on real-world, consistent views and can be tested under a variety of market scenarios.