24 Juillet 2017

At the same time ample liquidity provision, brightening growth prospects and a reduction of tail risks have caused many asset prices to trend higher in recent years. This raises questions how much additional price rises can still be expected and makes some people wondering what type of returns can still be expected from global capital markets. If everything is expensive you might at best be able to reduce your investment risk through smart portfolio diversification, but escaping from a low return future would become close to impossible.