INVESTMENT PERFORMANCE

IBC recorded a pleasing portfolio return of 4.1% over the financial year, outperforming declining equity and debt markets, however underperforming its benchmark return of 6.93% (1 year swap rate +6%pa). The ASX 300 Accumulation Index fell -6.78% over the year. Since inception, over 19 years including two crisis periods (GFC & Covid-19) the portfolio achieved a return of 8.8%pa with 53% of equity market risk measured in terms of volatility.

Read the Investment Report as at 30 June 2022