2026 Capital Market Assumptions
2/6/2026 2:00:00 PM
Bell Institutional Investment Management’s 2026 Capital Market Assumptions (CMAs) offer a forward‑looking, 10‑year outlook on expected returns, volatility and correlations across major asset classes. These assumptions serve as a key foundation for portfolio construction, helping align investment strategies with client goals through thoughtful risk‑return analysis.
In this year’s edition, we explain our preference for U.S. equities relative to developed international and emerging markets. Additionally, we discuss how fixed income remains a viable alternative to stocks, though compensation for taking on credit risk is currently near historical lows.
Investing and wealth management products are not FDIC insured, have no bank guarantee, may lose value, are not a deposit and not insured by any federal government agency.