Vanguard President Defies Consensus Expectations, Says US Equities Primed To Underperform Over the Long-Term: Report

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The president and chief investment officer of the financial giant Vanguard isn’t particularly bullish on US stocks over the next decade. Gregory Davis tells Fortune in a new interview that US equities aren’t primed to continue raking in double-digit gains year after year. “Our investment strategy group’s projection is that US equity market returns are going to be much more muted in the future. Over the past ten years, the S&P returned an average of 12.4% annually. We’re predicting the figure to ...