In 120 years, equity returns have outpaced bonds & bills: Credit Suisse

Adjusted for inflation, equities as an asset class have returned 5.2 per cent on an annualised basis over the past 120 years (since 1900), outpacing the returns by bonds at 2 per cent and bills at 0.8 per cent, says the latest Credit Suisse Global Investment Returns Yearbook 2020.

The countries included in the Yearbook represented 98 per cent of the global equity market in 1900 and still represent over 91 per cent of the investable universe at the start of 2020. In all, Credit Suisse has included 23 countries for the study as a part of this Yearbook.

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