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.
He said going back to 1960, the first 7 months of the third year of a presidential cycle (like 2011) produced inflation-adjusted returns
of 20 percent for the 48-month presidential cycles.
In contrast to most studies, which employ statistical techniques to test the correlation between inflation and stock returns, this study uses two investment strategies--lump-sum and annuity--to investigate actual inflation-adjusted returns
among the ten African stock markets.
Real, inflation-adjusted returns
over the period are fairly high in China--between 5 percent and 10 percent--and quite low in Japan--ranging from zero to about 3 percent.
The second column shows inflation-adjusted returns
while the third column shows the risk, as measured by the standard deviation of returns, of the various asset classes.