Please upgrade your browser

We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Edge, Chrome, Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.

If you are seeing this message, we have detected that you are using an older, unsupported browser.

See how to update your browser

Investment Weekly

Zooming out on expected returns
16 October 2026

    Chart of the week – Zooming out on expected returns

    Chart of the week – Zooming out on expected returns

    Click the image to enlarge

    If investors could only know one thing about markets, what would they choose? Next quarter’s earnings? Next month’s CPI? The next Fed move? Somewhere at the top of the list should probably be expected returns. Carefully calibrated, they tell us where medium‑term asset class returns are heading. They’re the single most important piece of information for long‑term investors — the foundation of strategic asset allocation.

    Market Spotlight

    • Silent treatment

    Lens on..

    • Taking the strain
    • When the chips are up
    • Gold is no silver bullet