SA Market Performance – 30 April 2014

Market Indicators

  • JSE All Share (ALSI) 48,870.10
  • Rand/Euro R 14.60
  • Rand/Pound R 17.78
  • Rand/US Dollar R 10.53
  • Rand/Aus Dollar R 9.77

Equity

  • The FTSE/JSE All Share (ALSI) gained 2.7% on a total return basis for the month and over the 12 months gained 30.1%. Mid Caps (up 5.1%) outperformed Small Caps (up 2.6%) and Large Caps (up 2.3%).
  • The best-performing sectors were Fixed Line Telecommunications (up 11.7%), Non-life Insurance (up 9.1%) and Beverages (up 8.6%). The worst were Media (down 14.5%), Technology Hardware & Equipment (down 9.1%) and Forestry & Paper (down 4.4%).
  • Over a 10-year period, Industrials (up 24.6% p.a.) outperformed Financials (up 19.2% p.a.) and Resources (up 14.9% p.a.). The composition of the ALSI as at the end of the month was Industrials 53.2%, Resources 27.2% and Financials the remaining 19.6%.

Bonds

  • The All Bond Index gained 0.3% for the month and over the 12 months declined 3.0%. The Inflation-Linked Bond Index gained 2.4% for the month and over the 12 months gained 0.7%.

Property

  • The SA Listed Property Index gained 2.3% for the month and over 12 months declined 3.6%.

Cash

  • Cash returned 0.5% for the month and over the 12 months returned 5.4%. Over a 10-year period, inflation in the form of ECPI has been 5.9% p.a.

International Market Performance

  • The Rand strengthened 0.2% against the US Dollar and weakened 0.5% against the Euro in April 2014.
  • The MSCI World Index gained 1.1% on a total return basis in US Dollar terms for the month and over the 12 months gained 17.2%. The MSCI Emerging Markets Index gained 0.4% for the month and over the 12 months declined 1.5%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI Turkey (up 7.5%), while the worst-performing was the MSCI Russia (down 6.4%).
  • The best-performing developed market index from the selection of international equity indices for the month was the FTSE 100 (up 4.4%), while the worst-performing was the Nikkei 225 (down 2.7%).
  • The US Dollar Platinum price declined 1.2% for the month and over the 12 months declined 4.6%. The US Dollar Gold price gained 0.1% for the month and over the 12 months declined 11.3%. Brent Crude gained 2.5% for the month and over the 12 months gained 8.6%.
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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.