Table: Consultants’ 10-year annualized return assumptions

Looking up
Private equity will be a winner, according to consultants’ 10-year annualized return assumptions.
Asset classMercerCallanWilshirePCAWurts Ennis Knupp*Average
Equities**8.40%9.38%8.50%8.25%9.00%7.60%8.52%
Real estate7.30%7.60%7.00%6.25%6.23%6.40%6.80%
Private equity9.60%11.60%10.00%9.40%12.25%10.40%10.54%
U.S. fixed income4.70%5.25%NA5.15%NA4.70%4.95%
*Ennis Knupp’s assumptions are for 15 years. **Average of U.S. and non-U.S., except for Mercer and Wilshire, who did not differentiate.

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