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Survey of Capital Market Assumptions: 2023 Edition (PDF)
Horizon Actuarial Services LLC
Aug. 14, 2023 18 pages. "[T]his survey shows return expectations over horizons of both 10 years and 20 years ... [T]his report also constructs an asset allocation for a hypothetical multiemployer pension plan ... The expected returns for this 2023 edition were 126 basis points higher over a 10-year horizon than they were last year, and 94 basis points higher than they were in 2018. Over a 20-year horizon, expected returns are 88 basis points higher than last year, and 5 basis points higher than they were five years ago in the 2018 edition of the survey." |
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