What should we expect from equities and bonds in the years ahead? Join us as we explore in greater detail our return expectations and the assumptions underpinning the Vanguard Capital Markets Model (VCMM). We will also dissect the fourth quarter of 2020, including the economic repercussions of the local and tiered lockdown measures and the financial market's response.


  • Shaan Raithatha, Senior Economist, Vanguard Europe
  • Edoardo Cilla, Investment Strategist, Vanguard Europe


  • Serena Makari, Business Development Manager, Vanguard UK

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