The real annual total equity returns of approximately 10% may be compared to the findings of Wharton Professor Jeremy Siegel--the stock market has generated an annual average, inflation-adjusted return
Using this strategy we find that Zimbabwe's stock market had the greatest nominal return while Kenya's had the lowest return; Botswana's stock market had the best inflation-adjusted return
while the stock market of Kenya had the worst return; and Zimbabwe's stock market had the best U.
Considerations such as current spending requirements, tax implications, and inflation-adjusted return
may also be addressed through the asset-allocation process.
From Table 2, commercial real estate generated an average annual inflation-adjusted return
The average inflation-adjusted return
on pension accounts was 8% in 1998, with that return averaging 11% in the first half of this year.
Since the bonds will have a higher inflation-adjusted return
than regular bonds or money market funds have earned historically," he notes, "they may be used as a substitute for stocks when the equity market looks expensive.
Once these costs are factored in, the inflation-adjusted return
In addition to the constant dollar security we include inflation-adjusted return
indices for five other financial asset classes: (1) U.
Real return: The inflation-adjusted returns
of an investment.
The first of these concerned the UK equity markets and returns to shareholders: the annual inflation-adjusted returns
on British pension funds in 2000-09 averaged only 1.
Using these inflation-adjusted returns
, we find that there is still substantial evidence of excess return predictability in liquidity-adjusted inflation-indexed bond returns as well as in breakeven inflation returns in both the US and the UK, which we interpret as evidence of a time-varying real interest risk premium and a time-varying inflation risk premium.
5% within a month, offering better inflation-adjusted returns
than most emerging markets.