SA Market Performance – 30 June 2013

Market Indicators

  • JSE All Share (ALSI) 39,578.10
  • Rand/Euro R 12.86
  • Rand/Pound R 15.03
  • Rand/US Dollar R 9.88
  • Rand/Aus Dollar R 9.03

Equity

  • The FTSE/JSE All Share (ALSI) declined 5.7% on a total return basis for the month and over the 12 months gained 21.0%. Mid Caps (down 0.4%) outperformed Small Caps (down 1.1%) and Large Caps (down 6.7%).
  • The best-performing sectors were Fixed Line Telecommunications (up 11.4%), Media (up 23.8%) and Pharmaceuticals and Biotechnology (up 6.8%) Technology Hardware and Equipment (up 4.8%). The worst were Gold Mining (down 19.8%), General Mining (down 15.2%), and Platinum Mining (down 12.4%).
  • Over a 10-year period, Industrials (up 27.0% p.a.) outperformed Financials (up 18.9% p.a.) and Resources (up 12.8% p.a.). The composition of the ALSI as at the end of the month was Industrials 54.3%, Resources 25.4% and Financials 20.3%.

Bonds

  • The All Bond Index declined 1.5% for the month and over the 12 months gained 6.3%. The Infl ation-Linked Bond Index declined 5.5% for the month and over the 12 months gained 10.9%.

Property

  • The SA Listed Property Index gained 4.4% for the month and over 12 months gained 24.0%.

Cash

  • Cash returned 0.4% for the month and over the 12 months returned 5.3%. Over a 10-year period, infl ation in the form of ECPI has been 5.4% p.a.

International Market Performance

  • The Rand strengthened 2.1% against the US Dollar and 2.1% against the Euro in June 2013.
  • The MSCI World Index declined 2.4% on a total return basis in US Dollar terms for the month and over the 12 months gained 19.3%. The MSCI Emerging Markets Index declined 6.3% for the month and over the 12 months gained 3.2%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI South Africa (down 1.9%), while the worst-performing was the Bovespa (down 14.4%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Nikkei (up 1.1%), while the worst-performing was the Hang Seng (down 5.7%).
  • The US Dollar Platinum price declined 9.2% for the month and over the 12 months declined 6.1%. The US Dollar Gold price declined 12.3% for the month and over the 12 months declined 21.9%. Brent Crude gained 1.6% for the month and over the 12 months gained 12.4%.
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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.