Allocation Strategy

Capital Market Assumptions

AS Capital Market Assumptions are a new generation of asset allocation inputs for investors to gauge expected returns and risk.

Allocation Strategy

Capital Market Assumptions

AS Capital Market Assumptions are a new generation of asset allocation inputs for investors to gauge expected returns and risk.

  • Consistent Modelling - AS CMAs are forward-looking, consistent with market pricing at each point in time, and incorporate common macro exposures across asset classes.
  • Advanced Risk Engine - Our innovative asset class simulation approach provides the flexibility to analyze returns and risk across investment horizons.
  • Comprehensive Coverage - AS CMAs cover global asset classes and markets, currency and real adjustments, with historical estimates available.

We move beyond traditional Capital Market Assumptions

Consistent modelling

Capital market assumptions are derived from a consistent present-value approach applied to all asset classes.

Expected Cash Flow
Real Rate
Expected Inflation
Risk Premium
year 1
+
Expected Cash Flow
Real Rate
Expected Inflation
Risk Premium
year 2
...

Daily updates with full histories

All markets and asset classes updated daily, and histories made available for testing strategies.

Visibility across investment horizons

Analyse expected returns, risk, and risk-return trade-offs across investment horizons.

Asset return paths

Simulation paths allow investors to test their strategies, create scenarios, and impose their own views in a consistent way.

Multiple perspectives

Our capital market assumptions are available in real and nominal terms and in key currencies.

Select real/nominal
Select currency

Efficient delivery

Data delivered through direct API feeds and our interactive analytics platform.

Learn more about our Capital Market Assumptions

Contact us to learn more about our CMAs and other services, or read more in our Insights series.

Contact UsInsights

Make Better Allocation Decisions

How AS Capital Market Assumptions Add Value

Expected return and risk estimates are the starting point for any asset allocation problem. AS CMA estimates are produced using a new-generation modeling approach underpinned by our ASAMM toolkit.

AS CMAs provide comprehensive visibility on investment opportunities and risk, helping investors construct and maintain robust and optimal asset allocations and portfolios.

Daily Estimates
Real-time assessments incorporating the latest market developments.
Multi-horizon
Expected returns and risk from 1 to 30 years, available in multiple currencies and in nominal and real terms.
Simulated asset class return paths
Estimates linked to the macro outlook at each point in time allow investors to create scenarios and impose their own views in a consistent way.
Comprehensive coverage
Global equities, fixed income, and private assets, including coverage of country, segment, and sector components.
Efficient delivery
Current and historical estimates delivered through API and interactive dashboards.

AS CMA Coverage

Comprehensive coverage of globally investible asset classes, markets, and segments

Global Equities
North America
Europe
United
Kingdom
Japan
Small-caps
Emerging
Markets
Global
Gov. Bonds
US Treasuries
Euro area Treasuries
JGBs
Gilts
Ex-G4 Treasuries
Global
Corporate Bonds
USD
Corporate
bonds
EUR Corporate
bonds
GBP Corporate
bonds
Global Private Assets
Private Equity
Venture Capital
Real Estate
Private Debt
Commodities
Gold
Oil
Quasi-Sovereign
USD agencies
EUR agencies

Learn more about our Capital Market Assumptions

Contact us to learn more about our Capital Market Assumptions, or read more in our Insights series.

Contact usInsights

Related Content

Articles and insights related to our Capital Market Assumptions solutions.