SA Market Performance – 31 August 2013

Market Indicators

  • JSE All Share (ALSI) 42,228.34
  • Rand/Euro R 13.59
  • Rand/Pound R 15.93
  • Rand/US Dollar R 10.28
  • Rand/Aus Dollar R 9.15

Equity

  • The FTSE/JSE All Share (ALSI) gained 2.6% on a total return basis for the month and over the 12 months gained 22.8%. Large Caps (up 3.1%) outperformed Small Caps (up 2.0%) and Mid Caps (down 0.5%).
  • The best-performing sectors were Fixed Line Telecommunications (up 18.2%), Platinum Mining (up 16.2%) and Household Goods (up 12.1%). The worst were Technology Hardware & Equipment (down 7.1%), Food Producers (down 5.4%), and Real Estate Investment & Services (down 3.9%).
  • Over a 10-year period, Industrials (up 26.2% p.a.) outperformed Financials (up 18.9% p.a.) and Resources (up 12.9% 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 declined 1.3% for the month and over the 12 months gained 0.2%. The Infl ation-Linked Bond Index declined 3.5% for the month and over the 12 months gained 3.2%.

Property

  • The SA Listed Property Index declined 3.5% for the month and over 12 months remained flat.

Cash

  • Cash returned 0.4% for the month and over the 12 months returned 5.3%. Over a 10-year period, infl ation in the form of ECPI has been 5.5% p.a.

International Market Performance

  • The Rand weakened 4.0% against the US Dollar and 3.6% against the Euro in August 2013.
  • The MSCI World Index declined 2.1% on a total return basis in US Dollar terms for the month and over the 12 months gained 18.3%. The MSCI Emerging Markets Index declined 1.7% for the month and over the 12 months gained 0.9%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI China (up 2.4%), while the worst-performing was the MSCI Turkey (down 13.0%).
  • The best-performing developed market index from the selection of international equity indices for the month was the NASDAQ 100 (down 0.1%), while the worst-performing was the Dow Jones Industrial 30 (down 4.1%).
  • The US Dollar Platinum price gained 5.2% for the month and over the 12 months declined 0.5%. The US Dollar Gold price gained 5.5% for the month and over the 12 months declined 15.5%. Brent Crude gained 2.5% for the month and over the 12 months declined 4.3%.
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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.