The 2011 financial year was characterised by a soaring Australian dollar, continued uncertainty around sovereign debt and cautious optimism towards a sustained US recovery. Yet despite mixed market sentiment, returns have been at or around their long-term averages in most major asset classes on a hedged basis.
Through natural disasters and mixed international economic data, the Australian share market managed to return 14.9 per cent, and over the past 30 financial years has delivered positive annual returns 80 per cent of the time.
The 2011 Vanguard Index Chart provides a comprehensive snapshot of the major investment markets’ performance over the past thirty years. It is valuable in offering a long-term perspective on the cyclical nature of investment returns and the value of staying the course.
We hope you find it useful in managing your clients’ expectations.
For information about our other client educational resources or index funds, please call Adviser Services on 1300 655 205 or email adviserservices@vanguard.com.au.
