SA Market Performance – 31 May 2014

Market Indicators

  • JSE All Share (ALSI) 49,632.70
  • Rand/Euro R 14.42
  • Rand/Pound R 17.72
  • Rand/US Dollar R 10.58
  • Rand/Aus Dollar R 9.84

Equity

  • The FTSE/JSE All Share (ALSI) gained 1.6% on a total return basis for the month and over the 12 months gained 21.8%. Small Caps (up 3.5%) outperformed Large Caps (up 1.9%) and Mid Caps (down 0.8%).
  • The best-performing sectors were Media (up 17.6%), Support Services (up 10.5%) and Forestry & Paper (up 8.7%). The worst were Gold Mining (down 12.8%), Industrial Metals (down 11.3%) and Technology Hardware & Equipment (down 10.7%).
  • Over a 10-year period, Industrials (up 25.3% p.a.) outperformed Financials (up 19.2% p.a.) and Resources (up 14.4% p.a.). The composition of the ALSI as at the end of the month was Industrials 54.9%, Resources 25.6% and Financials the remaining 19.5%.

Bonds

  • The All Bond Index gained 1.2% for the month and over the 12 months gained 2.9%. The Inflation-Linked Bond Index gained 1.9% for the month and over the 12 months gained 4.4%.

Property

  • The SA Listed Property Index declined 1.3% for the month and over 12 months gained 7.0%.

Cash

  • Cash returned 0.5% for the month and over the 12 months returned 5.5%. Over a 10-year period, inflation in the form of ECPI has been 6.0% p.a.

International Market Performance

  • The Rand weakened 0.5% against the US Dollar and strengthened 1.2% against the Euro in May 2014.
  • The MSCI World Index gained 2.1% on a total return basis in US Dollar terms for the month and over the 12 months gained 19.5%. The MSCI Emerging Markets Index gained 3.5% for the month and over the 12 months gained 4.6%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI Russia (up 12.2%), while the worst-performing was the MSCI Bovespa (down 1.1%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Hang Seng (up 5.4%), while the worst-performing was the Cac 40 (up 0.7%).
  • The US Dollar Platinum price gained 2.8% for the month and over the 12 months remained flat. The US Dollar Gold price declined 3.8% for the month and over the 12 months declined 12.1%. Brent Crude gained 1.4% for the month and over the 12 months gained 8.2%.
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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.