SA Market Performance – 30 September 2014

Market Indicators

  • JSE All Share (ALSI) 49,663.64
  • Rand/Euro R 14.27
  • Rand/Pound R 18.34
  • Rand/US Dollar R 11.31
  • Rand/Aus Dollar R 9.87

Equity

  • The FTSE/JSE All Share (ALSI) declined 2.6% on a total return basis for the month and over the 12 months gained 15.4%. Small Caps (down 0.6%) outperformed Large Caps (down 2.6%) and Mid Caps (down 2.8%).
  • The best-performing sectors were Pharmaceuticals & Biotechnology (up 8.7%), Beverages (up 7.3%) and Real Estate Investment & Services (up 4.4%). The worst were Gold Mining (down 17.5%), Industrial Metals (down 13.6%) and Platinum Mining (down 13.5%).
  • Over a 10-year period, Industrials (up 24.2% p.a.) outperformed Financials (up 17.5% p.a.) and Resources (up 12.3% p.a.). The composition of the ALSI as at the end of the month was Industrials 55.4%, Resources 24.4% and Financials the remaining 20.2%.

Bonds

  • The All Bond Index declined 1.6% for the month and over the 12 months gained 5.8%. The Inflation-linked Bond Index gained 0.1% for the month and over the 12 months gained 11.8%.

Property

  • The SA Listed Property Index gained 2.2% for the month and over 12 months gained 15.1%.

Cash

  • Cash returned 0.5% for the month and over the 12 months returned 5.7%. Over a 10-year period, inflation in the form of ECPI has been 6.1% p.a.

International Market Performance

  • The Rand weakened 5.5% against the US Dollar and 1.7% against the Euro September 2014.
  • The MSCI World Index declined 2.7% on a total return basis in US Dollar terms for the month and over 12 months gained 12.8%. The MSCI Emerging Markets Index declined 7.4% for the month and over the 12 months gained 4.7%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI India (down 1.4%), while the worst-performing was the Bovespa (down 19.3%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Nikkei 225 (down 0.1%), while the worst-performing was the Hang Seng (down 7.1%).
  • The US Dollar Platinum price declined 8.7% for the month and over the 12 months declined 7.9%. The US Dollar Gold price declined 5.8% for the month and over the 12 months declined 8.9%. Brent Crude declined 3.6% for the month and over the 12 months declined 10.8%.
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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.