SA Market Performance – 31 January 2014

Market Indicators

  • JSE All Share (ALSI) 45,132.10
  • Rand/Euro R 15.07
  • Rand/Pound R 18.36
  • Rand/US Dollar R 11.16
  • Rand/Aus Dollar R 9.75

Equity

  • The FTSE/JSE All Share (ALSI) declined 2.4% on a total return basis for the month and over the 12 months gained 14.9%. Small Caps (down 1.4%) outperformed Large Caps (down 2.1%) and Mid Caps (down 4.0%).
  • The best-performing sectors were Gold Mining (up 27.5%), Automobiles & Parts (up 9.2%) and Fixed Line Telecommunications (up 8.0%). The worst were Health Care Equipment & Services (down 11.8%), General Retailers (down 11.7%) and Food & Drug Retailers (down 11.5%).
  • Over a 10-year period, Industrials (up 24.2% p.a.) outperformed Financials (up 17.5% p.a.) and Resources (up 12.5% p.a.). The composition of the ALSI as at the end of the month was Industrials 54.3%, Resources 27.6% and Financials 18.1%.

Bonds

  • The All Bond Index declined 3.2% for the month and over the 12 months declined 2.7%. The Inflation-Linked Bond Index declined 4.0% for the month and over the 12 months declined 2.8%.

Property

  • The SA Listed Property Index declined 7.1% for the month and over 12 months declined 0.3%.

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 5.7% p.a.

International Market Performance

  • The Rand weakened 6.8% against the US Dollar and 3.8% against the Euro in January 2014.
  • The MSCI World Index declined 3.7% on a total return basis in US Dollar terms for the month and over the 12 months gained 16.7%. The MSCI Emerging Markets Index declined 6.5% for the month and over the 12 months declined 9.8%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI India (down 3.8%), while the worst-performing was the MSCI Turkey (down 13.3%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Nasdaq 100 (down 1.9%), while the worst-performing was the Nikkei 225 (down 5.6%).
  • The US Dollar Platinum price gained 1.8% for the month and over the 12 months declined 17.3%. The US Dollar Gold price gained 2.9% for the month and over the 12 months declined 25.3%. Brent Crude was down 2.3% for the month and over the 12 months declined 4.0%.
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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.