SA Market Performance – 31 July 2013

Market Indicators

  • JSE All Share (ALSI) 41,292.84
  • Rand/Euro R 13.17
  • Rand/Pound R 15.05
  • Rand/US Dollar R 9.91
  • Rand/Aus Dollar R 8.88

Equity

  • The FTSE/JSE All Share (ALSI) gained 4.4% on a total return basis for the month and over the 12 months gained 23.0%. Large Caps (up 5.1%) outperformed Small Caps (up 3.3%) and Mid Caps (up 0.5%).
  • The best-performing sectors were Fixed Line Telecommunications (up 16.8%), Forestry & Paper (up 15.9%) and Media (up 13.0%). The worst were Food & Drug Retailers (down 7.2%), Real Estate Investment & Services (down 3.4%), and Non-life Insurance (down 3.2%).
  • Over a 10-year period, Industrials (up 26.5% p.a.) outperformed Financials (up 18.7% p.a.) and Resources (up 13.2% p.a.). The composition of the ALSI as at the end of the month was Industrials 53.7%, Resources 26.6% and Financials 19.7%.

Bonds

  • The All Bond Index declined 0.7% for the month and over the 12 months gained 1.6%. The Infl ation-Linked Bond Index gained 1.9% for the month and over the 12 months gained 7.8%.

Property

  • The SA Listed Property Index declined 4.2% for the month and over 12 months gained 9.4%.

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 5.2% p.a.

International Market Performance

  • The Rand strengthened 0.2% against the US Dollar and weakened 1.9% against the Euro in July 2013.
  • The MSCI World Index gained 5.3% on a total return basis in US Dollar terms for the month and over the 12 months gained 24.0%. The MSCI Emerging Markets Index gained 1.1% for the month and over the 12 months gained 2.3%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the KOSPI 200 (up 4.4%), while the worst-performing was the MSCI Turkey (down 5.0%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Cac 40 (up 9.2%), while the worst-performing was the Nikkei 225 (up 0.9%).
  • The US Dollar Platinum price gained 8.8% for the month and over the 12 months gained 0.4%. The US Dollar Gold price gained 7.8% for the month and over the 12 months declined 19.2%. Brent Crude gained 6.9% for the month and over the 12 months gained 4.1%.
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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.