Long term performance
The graphs below look at performance of an average GMI growth portfolio. We’ve used growth portfolios for this purpose, but you can also view historical performances by year of our balanced and income portfolios here.
Return on GMI growth portfolios
The above graph shows a $1,000 investment in an average GMI Growth portfolio from 2003 onwards has, over the last eleven years, compounded to NZ $2,125.
Over this particular period that’s an average return – after fees, brokerage and tax – of 6.5% per annum compared to the relevant benchmark return of 2.7% per annum.
GMI growth portfolio average: Here we define growth portfolios as having more than 65% in growth investments, i.e. less than 35% of funds mandated to fixed interest or income shares.
Average GMI growth benchmark: Each GMI client has their own benchmark based on their particular portfolio mandate. The benchmark we show here is based on an average of these benchmarks.
*Further details on calculations shown are available on request from GMI.
Calendar year returns
The next graph gives the year-by-year performance of the growth portfolios in contrast with the benchmark’s performance. Our out-performance has resulted as much from minimising damage in the ‘down’ years as it is has from out-performing in the ‘up’ years. That was especially evident during the 2007-2009 global financial crisis.
As the graph above illustrates, over the past eleven years our Growth portfolios have out-performed the benchmark for ten of them.
See our annual investment performance for more information on individual asset classes and for balanced portfolio and income portfolio returns.
See the graph notes above that also apply to the calendar year returns.