The end of the financial year saw positive returns for the last 12 months across the range of our portfolios that have exposure to share markets. With global shares delivering a return of around 15% for the financial year. While there has been some pausing in the interest rate hikes that have been occurring around the world over the last 12 months, which has helped Bond prices recover a little also.
The quarter was positive again with US shares leading the way. Please see the Market Update for further commentary.