2023 begins with strong gains
28 April 2023
The positive investment market performance of recent months is making up for lost ground, explains Ed Tomlinson.
We recorded strong returns for the first quarter of 2023 across almost all smartMonday investment options, despite what was a turbulent three months globally.
A rally in international shares led the way, with our international shares options gaining more than 7.5 per cent in the January to March quarter. Pleasingly for members, strong performance was evident in a wide range of our options, from MySuper to ‘balanced growth’, Australian shares to fixed interest.
Predictably, it was property that recorded the smallest amount of growth. An obvious result of rising interest rates and investor uncertainty in that sector.