SA Market Performance – 31 May 2013

Market Indicators

  • JSE All Share (ALSI) 42,016.45
  • Rand/Euro R 13.07
  • Rand/Pound R 15.29
  • Rand/US Dollar R 10.07
  • Rand/Aus Dollar R 9.67

Equity

  • The FTSE/JSE All Share (ALSI) gained 8.5% on a total return basis for the month and over the 12 months gained 30.7%. Large Caps (up 10.4%) outperformed Small Caps (down 0.4%) and Mid Caps (down 0.1%).
  • The best-performing sectors were Personal Goods (up 25.2%), Media (up 23.8%) and Oil & Gas Producers (up 16.8%). The worst were Real Estate Investment & Services (down 9.0%), Electronic & Electrical Equipment (down 4.9%), and Real Estate Investment Trusts (down 3.9%).
  • Over a 10-year period, Industrials (up 27.4% p.a.) outperformed Financials (up 19.4% p.a.) and Resources (up 13.8% p.a.). The composition of the ALSI as at the end of the month was Industrials 52.6%, Resources 27.9% and Financials 19.5%.

Bonds

  • The All Bond Index declined 4.6% for the month and over the 12 months gained 11.5%. The Infl ation-Linked Bond Index declined 1.7% for the month and over the 12 months gained 18.3%.

Property

  • The SA Listed Property Index declined 11.1% for the month and over 12 months gained 27.0%.

Cash

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

International Market Performance

  • The Rand weakened 10.9% against the US Dollar and weakened 9.8% against the Euro in May 2013.
  • The MSCI World Index gained 0.1% on a total return basis in US Dollar terms for the month and over the 12 months gained 28.5%. The MSCI Emerging Markets Index declined 2.5% for the month and over the 12 months gained 14.5%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the KOSPI 200 (up 0.0%), while the worst-performing was the Bovespa (down 10.3%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Dax 30 (up 3.7%), while the worst-performing was the Nikkei (down 4.1%).
  • The US Dollar Platinum price declined 3.2% for the month and over the 12 months gained 3.8%. The US Dollar Gold price declined 5.1% for the month and over the 12 months declined 11.1%. Brent Crude gained 1.7% for the month and over the 12 months declined 5.4%.
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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.