Is There a Change in Expected Asset Returns?

So not a lot of change on the inflation and the growth front, but obviously a more significant change in terms of expected asset returns. And when we think about her dollar-denominated 60-40 portfolio return forecast, that number has risen from 4.3% last year to 7.2% this year. That outlook being driven by an improvement in the view around both equities as well as fixed income. So that duration overhang is, if anything, from a return perspective turned into a tail wind.