UK Multi Asset Team – long-term expected returns & market assumptions 2023
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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
These are the views of the author at the time of publication and may differ from the views of other individuals/teams at Janus Henderson Investors. References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.
Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.
The information in this article does not qualify as an investment recommendation.
There is no guarantee that past trends will continue, or forecasts will be realised.
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