SA Market Performance – 31 December 2013

Market Indicators

  • JSE All Share (ALSI) 44,975.91
  • Rand/Euro R 14.46
  • Rand/Pound R 17.39
  • Rand/US Dollar R 10.49
  • Rand/Aus Dollar R 9.37

Equity

  • The FTSE/JSE All Share (ALSI) gained 3.0% on a total return basis for the month and over the 12 months gained 21.4%. Large Caps (up 3.3%) outperformed Mid Caps (up 1.2%) and Small Caps (up 0.7%).
  • The best-performing sectors were Media (up 12.6%), Household Goods (up 11.7%) and Mobile Telecommunications (up 9.3%). The worst were Gold Mining (down 11.4%), Construction & Materials (down 4.8%) and Technology Hardware & Equipment (down 4.3%).
  • Over a 10-year period, Industrials (up 25.4% p.a.) outperformed Financials (up 18.8% p.a.) and Resources (up 12.4% p.a.). The composition of the ALSI as at the end of the month was Industrials 55.6%, Resources 25.4% and Financials 19.0%.

Bonds

  • The All Bond Index gained 1.1% for the month and over the 12 months gained 0.6%. The Inflation-Linked Bond Index gained 1.0% for the month and over the 12 months gained 0.8%.

Property

  • The SA Listed Property Index gained 1.0% for the month and over 12 months gained 8.4%.

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 5.8% p.a.

International Market Performance

  • The Rand weakened 1.9% against the US Dollar and 4.2% against the Euro in December 2013.
  • The MSCI World Index gained 2.2% on a total return basis in US Dollar terms for the month and over the 12 months gained 27.4%. The MSCI Emerging Markets Index declined 1.4% for the month and over the 12 months declined 2.3%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI India (up 3.3%), while the worst-performing was the MSCI Turkey (down 15.1%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Dow Jones Industrial 30 (up 3.2%), while the worst-performing was the Hang Seng (down 2.4%).
  • The US Dollar Platinum price declined 1.4% for the month and over the 12 months declined 11.1%. The US Dollar Gold price declined 3.6% for the month and over the 12 months declined 27.3%. Brent Crude was down 0.9% for the month and over the 12 months declined 0.5%.
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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.