INVESTMENT PERFORMANCE

IBC recorded a pleasing portfolio return of 13.7% over the financial year, outperforming its benchmark return of 9.77% (1 year swap rate +6%pa). The ASX 300 Accumulation Index gained 14.4% over the year. Since inception, over 20 years including two crisis periods (GFC & Covid-19) the portfolio achieved a return of 9.0%pa with 53% of equity market risk measured in terms of volatility.

Read the Investment Report as at 30 June 2023