2023 Q4 Capital Market Assumptions
Amid resilient global economic activity how have long-term capital market forecasts changed?
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Amid resilient global economic activity how have long-term capital market forecasts changed?
Emerging markets stocks provide diversified returns in an uncertain market.
The relationship between value factor returns & interest rates is explained by time-varying duration of a portfolio long cheap stocks/short expensive stocks.
China’s economic challenges underscore the benefit of distinct China-only and emerging markets ex-China allocations.
* As of Sep 30, 2023
^ PGIM is the investment management business of Prudential Financial, Inc. (PFI). PFI is the 11th largest investment manager (out of 431 firms surveyed) in terms of worldwide institutional assets under management based on Pensions & Investments’ Top Money Managers list published June 2022. This ranking represents institutional client assets under management by PFI as of December 31, 2021. Participation in the P&I ranking is voluntary and open to managers that have any kind of U.S. institutional tax-exempt AUM. Managers self-report their data via a survey. P&I sends the survey to previously identified managers and to any new managers asking to participate in the survey/ranking. No compensation is required to participate in the ranking.