Global equities are set to generate "solid long-term returns despite elevated valuations," Goldman Sachs has said in its latest Global Strategy Paper, forecasting a 10-year annualised return of 7.7 per cent in USD terms for global stock markets.
Emerging markets such as India are poised to deliver the strongest decadal equity market performance and stand out globally for their earnings growth, according to Goldman Sachs' latest report titled "GLOBAL STRATEGY PAPER NO 75 -- Building Long-Term Returns: Our 10-Year Forecasts."