Long Run Equity Return in GGM/Grinold Kroner Framework
In reading 10, the curriculum introduces the following equation. The equation ties the trend growth rate to the value of …
equity forecasting
Singer – Terhaar Model
he Singer-Terhaar model is based on two versions of the international Capital Asset Pricing Model (CAPM): one in which global asset markets are fully …
Grinold-Kroner Model
The Grinold-Kroner model states that the expected return of a stock is its dividend yield, plus the inflation rate, plus the real …
Equity Forecasting
When looking at a very long time horizon—over 100 years—mean real returns of equity markets in various countries do not …