Brian Arcese, portfolio manager and equity analyst at Foord Asset Management, expects "two, or even three" rate cuts from the Federal Reserve before the end of 2025.

The non banking financial company's (NBFC) asset under management (AUM) jumped 32% to over Rs 11,050 crore in Q3 FY25 as compared with Rs 8,364 crore in Q3 FY24.

Long-term return expectations drop across major asset classes, and some firms are now forecasting higher returns for bonds than US stocks over the next decade.