Commodities and direct property are the only winners in FY22
Commodities and direct property have emerged as the only major asset classes to post returns above inflation in the 2022 financial year, according to asset consultants Atchison.
Assessing the winners and losers of the 16 major assets, Atchison determined all major equity and fixed interest asset classes had gone materially backwards in inflation-adjusted terms over the past 12 months.
Kev Toohey, principal at Atchison, said emerging markets, small-cap equities and global government bonds were the three worst-performing asset classes over FY22.
“The majority of major markets [underperformed] inflation for the first time since the 2009 financial year,” he said.
“FY22 saw marginal differences between Australian equities, unhedged developed market equities and hedged developed market equities, meaning all three were roughly as bad as each other when measured 30 June to 30 June.”
Unpacking underlying global equity markets over the financial year saw all major investment styles, including value, growth and momentum, posting negative returns. Major sectors other than energy and utilities also posted negative returns.”
AUTHOR
Liam Cormican
Recommended for you
BlackRock has taken a $25 million stake in Generation Development Group as the two firms announce a strategic alliance to design and distribute tailored retirement solutions.
The global asset manager is launching its second alternatives fund for Australian wealth clients, focusing on private equity investment opportunities.
Trading platform Selfwealth has officially delisted from the ASX, marking the final step of Svava’s acquisition plans as it implements a scheme of arrangement.
US alternative credit manager Apollo Global Management is viewing Australia as a “priority market”, as it launches a fund for Australian wholesale investors with Channel Capital.
