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2025-2029 Atlas Lifted

Capital Market Assumptions

We are pleased to launch the 14th edition of our Capital Market Assumptions 2025-2029. This year’s edition delves into the transformative economic landscape of the next five years.

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This year’s publication includes

  • The expected returns for all major asset classes for the 2025-2029 period

  • A thorough analysis of valuations and three macroeconomic scenarios

  • How climate change will affect the likely future returns of asset classes

  • New – we look back at our predictions since 2011


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Leave your details and download Expected Returns here (135 pages)

Webinar: 5-Year Expected Returns 2025-2029

Our five-year outlook on market opportunities and risks.


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Peter van der Welle - Strategist Sustainable Multi Asset Solutions

Peter van der Welle
Strategist Sustainable Multi Asset Solutions

Emerging market equities is once again the asset class that is expected to generate the most returns in the coming five years