Fore­cast­ing the Fu­ture: The Dy­nam­ics of Cap­it­al Mar­ket As­sump­tions

Event description

Capital Market Assumptions (CMAs) play a crucial role in shaping long‑term investment strategies. Yet how institutional investors form, adjust, and apply these expectations in practice remains less understood.

At this upcoming event, CBS Assistant Professor Markus Ibert presents new insights into the dynamics behind return expectations across the investment landscape. Drawing on comprehensive data from asset managers, investment consultants, wealth advisors, pension funds, and professional forecasters, he sheds light on how CMAs evolve — and why they matter.

The event will be tackling three core questions:

• How are return expectations formed?
  The behavioural, analytical, and structural factors that shape how institutions think about future returns.
• How do expectations evolve over time and differ across institutions?
  Learn how forecasts shift with market cycles, organisational structures, and asset classes
• How do CMAs relate to real‑world portfolio decisions?
  Understand the link between stated expectations and actual asset allocation choices among professional investors.

This event offers a unique opportunity for investment professionals, policymakers, and finance enthusiasts to gain a deeper understanding of the forces driving long‑term return expectations — and the implications for portfolio construction and market behaviour.

Programme

TBA