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Fireside Friday with… Pictet Asset Management’s Luca Paolini

The TRADE

In absolute terms, stocks in the MSCI World Index will generate a reasonable return of some 7% per year in local currency terms over the next five years. This means fixed income will offer a more favourable risk-adjusted return than stocks. On a trade-weighted basis, we expect a decline of some 2% per year through to 2029.