| Read our midyear Asia-Pacific outlook, the latest asset class returns, and rebalancing your portfolio. | | View this email online |  |  | Welcome to this week's edition of Smart Investing.
The Asia-Pacific region offers different economic perspectives, depending on where you look. In our lead article, Vanguard's senior economists in the region note that China and Australia are on opposite trajectories.
Monetary policy rates continue to climb in Australia amid sticky inflation. A recent interest rate reduction in China, meanwhile, is unlikely to stoke demand. One attribute they'll likely share: a slowdown in growth for the rest of the year.
Our second article looks at the investment returns from the 2022-23 financial year and lists the best and worst-performing asset classes over the 12 months to 30 June 2023. It underscores the importance of spreading your investments across a range of assets to help reduce the risk of loss over longer periods.
Lastly, the financial year is often an opportune time to review your asset allocations. Has your portfolio drifted off course? We explain how you can track portfolio drift as well as some different ways you can rebalance your investment holdings if you choose. But another way is to leave this task to the experts. | | | | | Our midyear Asia-Pacific outlook | | China's and Australia's economies are in some ways on opposite trajectories. | | Read article | | | | | | | Returns rebound in 2022-23 | | Investment markets rebounded in 2022-23. But it's important to understand that asset class returns vary from year to year. | | Read article | | | | | | | Striking a balance in the new financial year | | By doing a few calculations you can determine if your portfolio is still in alignment with your intended strategy and make adjustments if needed. | | Read article | | | | | | | Midyear economic outlook: Sticky inflation most everywhere | | Updates are provided on our 2023 outlook for growth, inflation, and central bank policies, plus 10-year asset class return forecasts. | | Read article | | | | | | | Still beating back inflation | | Joe Davis, Vanguard global chief economist, discusses sticky inflation, central banks' reply, and a silver lining. | | Watch video | | | | Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.
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