Research Affiliates, the firm run by Rob Arnott, has published neat tool that shows their forecast for long term (10 year) returns for each asset class. The tool is here. The methodology is at the bottom of the page. GMO fans will find a great deal of similarity, the approach is based on CAPE and economic forecast, but this is much more detailed and specific, covering individual countries and many more sub-asset classes.
I have no opinion regarding the quality of the forecast. Folks interested in CAPE or PE10 type valuations and analysis may be frustrated that it's use has been limited to US equities, here is is broadly applied.
I have no opinion regarding the quality of the forecast. Folks interested in CAPE or PE10 type valuations and analysis may be frustrated that it's use has been limited to US equities, here is is broadly applied.