Asset Class Views

Amundi
By March 9, 2019 09:14

Asset Class Views

Medium and long term expected returns

Long term equity returns and earnings growth converge. Long term, equities tend to post returns in line with earnings growth. Divergences can last for long periods, but due to mean reversion, these phases end up in corrections. In current conditions, markets still have some way to go, but unless we see a structural rise in earnings (unlikely), returns should revert to their structural trends.

Amundi
By March 9, 2019 09:14

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