Total Return Forecasts: Major Asset Classes - July 2, 2025

  • The long-run expected total return for the Global Market Index (GMI) ticked higher for a third straight month in June, rising to an annualized 7.3% from the 7.2% estimate in the previous month. US equities continue to be the downside outlier for expected return compared with the relatively high realized performance for American shares over the past decade.