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As long as the return expectation is high, money continues to pour in.
The level of return expectation varies according to the type of investor.
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That might not be too reasonable at all if there's a blend of other assets than equities that bear lower return expectations in the combined reported expected return.
"I will tell clients if their return expectations don't make sense.
"The commercial sector is good at taking risks but it has commercial return expectations".
Lynn Allen, director of public markets at Aegon Institutional Markets, the poll sponsor, called those return expectations unrealistic.
They help support the return expectations of risky assets at levels sufficient to attract capital away from risk-free investment.
"Having realized our return expectations, we have decided to exit our investment," said Lyndon Lea, a founding partner of Lion Capital.
"They are priced according to the rate of return expectations that are in the market," he explains.
For investors trying to reach a certain return target, this high cost can be a constant drag on returns, preventing them from meeting return expectations.
Calpers, one of the largest investors in this segment, concluded in a report last August that its social initiative had not met "investment return expectations".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com