This chart is a blunt reminder about the randomness of investment performance

The chart shows the variability of asset class performance on a year-by-year basis from 2010 through 2019. The best-performing asset class for each calendar year is at the top of each column. Please remember, past performance does not guarantee future results.

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• Source: Stewart Financial Group Limited 15/01/2020

• Performance numbers have been converted to NZD. Information is for illustrative purposes only and is not indicative of any investment portfolio. Not to be reproduced without the express permission of Stewart Financial Group Limited.