SA Market Performance – 28 February 2014

Market Indicators

  • JSE All Share (ALSI) 47,328.92
  • Rand/Euro R 14.82
  • Rand/Pound R 17.97
  • Rand/US Dollar R 10.73
  • Rand/Aus Dollar R 9.59

Equity

  • The FTSE/JSE All Share (ALSI) gained 4.9% on a total return basis for the month and over the 12 months gained 22.8%. Large Caps (up 5.4%) outperformed Small Caps (up 3.2%) and Mid Caps (up 2.0%).
  • The best-performing sectors were Media (up 14.3%), Gold Mining (up 13.9%) and Household Goods (up 13.3%). The worst were Food Producers (down 5.5%), Coal Mining (down 4.6%) and Industrial Transportation (down 4.2%).
  • Over a 10-year period, Industrials (up 24.7% p.a.) outperformed Financials (up 18.2% p.a.) and Resources (up 13.0% p.a.). The composition of the ALSI as at the end of the month was Industrials 54.0%, Resources 27.5% and Financials 18.5%.

Bonds

  • The All Bond Index gained 2.4% for the month and over the 12 months declined 1.0%. The Inflation-Linked Bond Index gained 3.2% for the month and over the 12 months declined 0.4%.

Property

  • The SA Listed Property Index up 4.7% for the month and over 12 months declined 0.3%.

Cash

  • Cash returned 0.4% for the month and over the 12 months returned 5.3%. Over a 10-year period, inflation in the form of ECPI has been 5.7% p.a.

International Market Performance

  • The Rand strengthened 3.3% against the US Dollar and 1.0% against the Euro in February 2014.
  • The MSCI World Index gained 5.1% on a total return basis in US Dollar terms for the month and over the 12 months gained 22.3%. The MSCI Emerging Markets Index gained 3.3% for the month and over the 12 months declined 5.7%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI South Africa (up 9.2%), while the worst-performing was the MSCI Russia (down 2.4%).
  • The best-performing developed market index from the selection of international equity indices for the month was the CAC 40 (up 8.4%), while the worst-performing was the Nikkei 225 (down 0.5%).
  • The US Dollar Platinum price gained 5.3% for the month and over the 12 months declined 9.0%. The US Dollar Gold price gained 6.7% for the month and over the 12 months declined 16.3%. Brent Crude was up 0.8% for the month and over the 12 months declined 4.8%.
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Posted in Investment Review

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The investment objective of the STANLIB Global Property Feeder Fund is to maximise long term total return, both capital and income growth.