Monthly Investment Update March 2022

PCI Monthly Update

Perpetual Asset Management

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March was a turbulent month for fixed income and credit markets with spreads widening and yields rising sharply. The Bloomberg AusBond Composite Bond Index, which measures the Australian debt market, had its worst ever single month return while the Bloomberg US Aggregate Bond Index saw its largest fall since 2003. Markets continue to be impacted by speculation surrounding central bank tightening as well as the ongoing conflict in Ukraine and its impact on commodity prices and supply chains.

This document has been prepared and issued by Perpetual Investment Management Limited ABN 18 000 866 535, AFSL 234426. It is general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider with a financial adviser, whether the information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. No company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of any fund or the return of an investor’s capital.