Breadcrumb Home INTERACTIVE February 09, 2009 12:00 AM Table: Consultants 10-year annualized return assumptions Tweet Share Share Email More Reprints Print Looking upPrivate equity will be a winner, according to consultants 10-year annualized return assumptions.Asset classMercerCallanWilshirePCAWurts Ennis Knupp*AverageEquities**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 Knupps assumptions are for 15 years. **Average of U.S. and non-U.S., except for Mercer and Wilshire, who did not differentiate. Recommended for You Economists moderating their inflation forecasts Largest active U.S. equity DC mutual funds lag S&P 500 Select private equity managers show fundraising prowess Sponsored Content: The Institutional Investor's Guide to ESG Investing Reader Poll January 25, 2023 How will the DOL’s finalized rules impact ESG investing? SEE MORE POLLS > Sponsored White Papers Show Me the Income: Discovering plan sponsor and participant preferences for cr… Morningstar Indexes' Annual ESG Risk/Return Analysis The Future of Infrastructure: Building a Better Tomorrow Outlook 2023: Opportunity in a volatile world Research for Institutional Money Management View More Sponsored Content Partner Content The Industrialization of ESG Investment For institutional investors, ETFs can make meeting liquidity needs easier Gold: the most effective commodity investment 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios Ten ways retirement plan professionals add value to plan sponsors Gold: an efficient hedge View More