With inflation remaining well above target in key regions, investors continued to price in the likelihood of further increases in
interest rates. This exerted further upward pressure on bond yields and resulted in negative returns from fixed income.
Share markets made solid progress in the final month of the FY23 year. The MSCI World Index added 5.7% in June, extending gains to more than 18% over the past 12 months. Currency movements diluted performance for Australian investors over the month, but lifted rolling annual returns to more than 23%.
Australian shares fared well in June too. The S&P/ASX 200 Index returned 1.8% over the month, but was little changed in the FY23 year as
a whole.
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SMART Business Solutions is proud to announce its recognition as the winner of Excellence in Local Community Connection (Medium–Large Business) and Excellence in Access and Inclusion at the 2025 Mornington Peninsula Business Excellence Awards.
Smart Private Wealth is proud to announce that Founding Director, Shannon Smit, has been recognised in the 2025 FS Power50, Financial Standard’s annual list of the 50 most influential financial advisers in Australia.
