SA Market Performance – 30 September 2013

Market Indicators

  • JSE All Share (ALSI) 44,031.83
  • Rand/Euro R 13.60
  • Rand/Pound R 16.26
  • Rand/US Dollar R 10.05
  • Rand/Aus Dollar R 9.39

Equity

  • The FTSE/JSE All Share (ALSI) gained 5.1% on a total return basis for the month and over the 12 months gained 27.0%. Small Caps (up 6.2%) outperformed Large Caps (up 5.1%) and Mid Caps (up 4.9%).
  • The best-performing sectors were Household Goods (up 21.8%), General Retailers (up 10.5%) and Pharmaceuticals & Biotechnology (up 10.2%). The worst were Gold Mining (down 5.8%), Automobiles & Parts (down 5.7%), and Technology Hardware & Equipment (down 3.1%).
  • Over a 10-year period, Industrials (up 26.9% p.a.) outperformed Financials (up 20.0% p.a.) and Resources (up 13.7% p.a.). The composition of the ALSI as at the end of the month was Industrials 53.0%, Resources 27.9% and Financials 19.1%.

Bonds

  • The All Bond Index gained 3.9% for the month and over the 12 months gained 3.1%. The Infl ation-Linked Bond Index gained 2.9% for the month and over the 12 months gained 3.5%.

Property

  • The SA Listed Property Index gained 6.7% for the month and over 12 months gained 10.3%.

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 5.2% p.a.

International Market Performance

  • The Rand strengthened 2.4% against the US Dollar and 0.3% against the Euro in September 2013.
  • The MSCI World Index gained 5.0% on a total return basis in US Dollar terms for the month and over the 12 months gained 20.9%. The MSCI Emerging Markets Index gained 6.5% for the month and over the 12 months gained 1.3%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI Turkey (up 12.8%), while the worst-performing was the MSCI China (up 5.3%).
  • The best-performing developed market index from the selection of international equity indices for the month was the DAX 30 (up 8.9%), while the worst-performing was the Dow Jones Industrial 30 (up 2.3%).
  • The US Dollar Platinum price declined 6.8% for the month and over the 12 months declined 15.4%. The US Dollar Gold price declined 4.8% for the month and over the 12 months declined 25.0%. Brent Crude was down 4.6% for the month and over the 12 months declined 0.3%.
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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.