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Capital Market Assumptions (as of September 20, 2020)

Aon’s Capital Market Assumptions are our asset class return, volatility, and correlation assumptions and represent the long-term capital market outlook.

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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 third quarter of 2020.