The attached note reviews the investment performance of the last financial year for major asset classes and looks at the outlook for the current financial year. The key points are as follows:
2020-21 saw investment returns rebound after the coronavirus hit depressed 2019-20 returns.
Key lessons for investors from 2020-21 were to: allow that share markets look ahead; timing markets is hard; don't fight central banks; and turn down the noise.
Over the next 12 months returns from a well-diversified portfolio are likely to be slower but still solid.