Cash is king

Over the next decade, Smithers & Co forecasts a real annual return of 1.8 per cent for US stocks, compared with 1.4 per cent for 30-year bonds and 1.1 per cent for cash. Other equity markets are not so overvalued, according to Smithers, but these forecasts show how potentially little reward investors receive for taking risk these days.

быть может, управляющую индустрию жду интересные перемены:)

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