SA Market Performance – 30 November 2013

Market Indicators

  • JSE All Share (ALSI) 44,975.91
  • Rand/Euro R 13.84
  • Rand/Pound R 16.67
  • Rand/US Dollar R 10.18
  • Rand/Aus Dollar R 9.28

Equity

  • The FTSE/JSE All Share (ALSI) declined 1.1% on a total return basis for the month and over the 12 months gained 21.6%. Small Caps (down 0.7%) outperformed Mid Caps (down 1.0%) and Large Caps (down 1.1%).
  • The best-performing sectors were Household Goods (up 6.2%), Industrial Engineering (up 4.1%) and Media (up 3.5%). The worst were Gold Mining (down 12.2%), Coal Mining (down 8.8%) and General Retailers (down 7.1%).
  • Over a 10-year period, Industrials (up 25.6% p.a.) outperformed Financials (up 19.1% p.a.) and Resources (up 13.2% p.a.). The composition of the ALSI as at the end of the month was Industrials 55.1%, Resources 25.8% and Financials 19.1%.

Bonds

  • The All Bond Index declined 1.4% for the month and over the 12 months gained 1.8%. The Inflation-Linked Bond Index gained 0.4% for the month and over the 12 months gained 2.7%.

Property

  • The SA Listed Property Index declined 3.0% for the month and over 12 months gained 7.7%.

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 5.8% p.a.

International Market Performance

  • The Rand weakened 0.9% against the US Dollar and 1.2% against the Euro in November 2013.
  • The MSCI World Index gained 1.8% on a total return basis in US Dollar terms for the month and over the 12 months gained 27.1%. The MSCI Emerging Markets Index declined 1.5% for the month and over the 12 months gained 4.0%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI China (up 4.9%), while the worst-performing was the Bovespa (down 7.8%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Nikkei 225 (up 4.8%), while the worst-performing was the CAC 40 (up 0.3%).
  • The US Dollar Platinum price declined 6.1% for the month and over the 12 months declined 15.1%. The US Dollar Gold price declined 6.9% for the month and over the 12 months declined 27.4%. Brent Crude was up 1.4% for the month and over the 12 months declined 0.9%.
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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.