Investors turn bearish as 73% predict recession

Expect an average TSR of 5.6% over the next three years

Almost three-quarters of professional investors are anticipating a recession by 2021, while only 33% are bullish about the market's potential in 2019, a new report claims.

Management consulting firm Boston Consulting Group's tenth annual investor survey found 73% of investors believe a recession is on the horizon, up from 53% the previous year, amid growing concerns about valuations and the health of the global economy. SocGen's Edwards: Corbyn will be seen as moderate in next downturn The survey of portfolio managers, as well as buy-side and sell-side analysts, found market expectations for annual total shareholder returns was found to be at a record low since the survey's 2010 inception, with investors anticipating an average of 5.6% over the next thr...