2021 Q3 Capital Market Assumptions
Our near-term developed market economic growth forecasts have increased modestly from the end of 2020, while forecasts for emerging market economies decreased.
Yesim Tokat-Acikel, PhD, is a Managing Director, Head of Multi-Asset Research and Portfolio Manager for PGIM Quantitative Solutions working within the Global Multi-Asset Solutions team. In this capacity, she is responsible for the research, development, and portfolio management of systematic total and absolute return investment solutions. She is also an investment lead for our global solutions efforts. Prior to PGIM Quantitative Solutions, Yesim worked as a Senior Quantitative Analyst developing GTAA strategies at AllianceBernstein, and as a Senior Investment Analyst for the Vanguard Group, where she built tactical and strategic asset allocation models for retirement and private client markets. Yesim’s articles have appeared in the Journal of Portfolio Management, the Journal of Investment Management, Journal of Investing, Journal of Risk and Financial Management, the Journal of Economic Dynamics and Control, the Strategic Management Journal, and the Journal of Financial Planning, among other leading publications. She earned a BS in industrial engineering from Bilkent University in Turkey, an MS in industrial engineering from the University of Arizona, Tucson, and a PhD in economics from the University of California, Santa Barbara.