What investors are thinking

are optimistic about investment returns over the next decade.

are interested in sustainable investing.

are interested in aligning their investment portfolios with anticipated trends.

What we think

Overall, we expect the Decade of Transformation to generate lower returns and spur higher volatility for most financial assets than in the past decade. Though such a transformation can be uncomfortable, it will also bring investment opportunities. As with globalization, de-globalization will also mean winners and losers. Demographic change will boost emerging markets and sectors like healthcare. The technological revolution will present myriad options for investment in areas such as 5G, artificial intelligence, cloud computing, and genetic therapy. Meanwhile, the shift in consumer preferences and government regulation toward more sustainable products and services is only just beginning, and could prove to be the most exciting and durable growth opportunity of the next 10 years.