InvestSMART Performance Update: May 2024
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In May, markets surged to all-time highs, driven largely by the continuing tech boom in the U.S. InvestSMART's diversified portfolios have benefited from these market highs, delivering robust returns ranging from 5.6% to 14.0% over the 12 months ending 31 May 2024.
Our commitment to strategic diversification and low fees have consistently yielded impressive outcomes. Over the past five years, our portfolios have delivered average annual returns between 2.4% and 8.5%, outperforming the majority of comparable funds across all our portfolio categories.
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The chart below shows InvestSMART's performance over five years compared with the average annualised returns of our competitors' funds.
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The InvestSMART single asset portfolios returned between 3.8% (Cash Securities) and 19.8% (International Equities) in the 12 months to 31 May 2024 and between 1.3% and 12.7% on average over five years.
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May wrap up
International share markets rebounded in May, straight off the back of the declines in April, as noted above the US tech majors led the gains in the US. In addition to the technology industry, the relationship between shares and bond yields has been on display, with government bond yields falling as US inflation has stabilised and the US Federal Reserve indicating it was unlikely to raise interest rates. Lower bond yields and a US CPI inflation report which was in line with investor expectations, helped to boost investor sentiment which contributed to the MSCI All-Country World Equity Return Index closing 3.7% up in May.
It was a more subdued story in Australian share markets, with the S&P/ASX 200 index up just 0.5% for the month. Inflation rose for the fifth month in a row, sparking fears rates would not be lowered soon.
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