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UK Multi Asset Team – long-term expected returns & market assumptions 2023

Nick Harper, CFA

Nick Harper, CFA

Portfolio Manager  


23 Jan 2023
1 minute read

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Key Takeaways

  • 2022 was a very difficult year for investors. Lower-risk portfolios, which tend to have significant fixed income weights, particularly struggled to weather the storm.
  • We expect things to be better going forward, with higher returns forecast across the board, most notably across fixed income. The significant increase in credit spreads means that we see corporate debt offering a material premium to government bonds
  • With expected returns significantly higher, a diversified portfolio spread across equity and core fixed income is expected to offer attractive risk-adjusted returns in 2023
Nick Harper, CFA

Nick Harper, CFA

Portfolio Manager  


23 Jan 2023
1 minute read

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