Pictay's Major Forecasts for Asset Class Returns

Dong Chen from Pictay Wealth Management says 2022 was an inflection point in the world of finance. He believes interest rates will likely stay higher for much longer, which has profound implications to asset returns. In terms of stocks, we expect global equities to generate an annual return in the next 10 years that is slightly higher than what we had expected before last year's correction. But at the same time, rising wages could weigh on corporate margins going forward and their profitability by extension.

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