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JP Morgan drops return predictions by most since 2009

JP Morgan's 15-year return expectations for stocks and bonds have fallen by the most since 2009 amid negative interest rates and continued quantitative easing in some parts of the world.

JP Morgan drops return predictions by most since 2009
Photo: iStock

JP Morgan's 15-year return expectations for stocks and bonds have fallen by the most since 2009 amid negative interest rates and continued quantitative easing in some parts of the world.

The main reason for the decline in return expectations is falling returns from bond markets, specifically government bonds, according to John Bilton, global head of multi-asset strategy at JP Morgan Asset Management.

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