Masterworks Investor Presentation Deck
Low Expectations for Equity Returns
With equities near all-time highs, the top equity research teams are expecting long-term equity
returns well below the 10.2% returned by the S&P since 1995
Firm
BLACKROCK
J.P.Morgan
MORNINGSTAR
research
Maffiliates
Vanguard®
Source: Morningstar, Inc.
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U.S. Large Caps
European equities
10- 15 year horizon
Reflects mid-point of estimates
Estimate is for all non-U.S. equities
U.S. Equities
6.70% (¹)
4.10%
1.60%
1.60%(1)
3.30%
Developed-Markets
Equities
9.20% (2)
5.00%(4)
2.60%
6.80%
6.20% (5)
Emerging Markets
Equities
8.70%
6.60%
6.40%
9.40%
6.20% (5)
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RETURN ASSUMPTIONS ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. THIS INFORMATION IS NOT INTENDED AS A RECOMMENDATION OR TO INVEST IN ANY PARTICULAR ASSET CLASS OR STRATEGY OR AS A
PREDICTION OR ESTIMATED OF ANY FUTURE PERFORMANCE. RETURN ASSUMPTIONS ARE SHOWN ON THE ASSET CLASS LEVEL AND A REPRESENTED BY SELECT INDICES AND ARE SHOWN GROSS OF FEES. INDICES
ARE UNMANAGED AND USED FOR ILLUSTRATIVE PURPOSES ONLY. IT IS NOT POSSIBLE TO INVEST DIRECTLY IN AN INDEXView entire presentation