Skip to main content

Capital Market Assumptions

Aon’s Capital Market Assumptions are our asset class return, volatility, and correlation assumptions. The assumptions are based on data at the end of the second quarter of 2021.

Download PDF

Aon’s Capital Market Assumptions are our asset class return, volatility, and correlation assumptions. The return assumptions are “best estimates” of annualized returns. By this, we mean median annualized returns—that is, there is a 50/50 chance that actual returns will be above or below the assumptions.

The assumptions were developed by Aon's Global Asset Allocation Team and represent the long-term capital market outlook (i.e., 10 years) based on data at the end of the second quarter of 2021.