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Dimson, et al, 2025

March 21, 2025 |

Global Investment Returns Yearbook 2025
(Public summary edition available as free download.)

The Global Investment Returns Yearbook, a body of work assembled by Professor Paul Marsh and Dr. Mike Staunton of London Business School and Professor Elroy Dimson of Cambridge University, has established itself as the definitive source for the analysis of the long-term performance of global financial assets. The 2025 edition, launched today by UBS Investment Bank and UBS Global Wealth Management’s Chief Investment Office, marks something of a milestone, providing us the opportunity to compare the first quarter of the 21st century’s market performance with that of the 20th century. This edition also includes a deep dive on diversification.


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