Please click the link below to view Shane Oliver's views on the medium term returns for major assets classes.

Main points covered are;

• While the global economy is looking better than it has for years, relatively low investment yields from most major asset classes mean the medium term return outlook remains constrained compared to the long term bull market in shares and bonds that started in the 1980s.
• For investors the implications are : have realistic return expectations; asset allocation remains critical; focus on assets providing decent and sustainable income flows.  Australian shares still remain attractive for income flows but for growth Asian ex-Japan shares come out best.