SA Market Performance – 31 July 2014

Market Indicators

  • JSE All Share (ALSI) 51,396.07
  • Rand/Euro R 14.33
  • Rand/Pound R 18.08
  • Rand/US Dollar R 10.70
  • Rand/Aus Dollar R 9.96

Equity

  • The FTSE/JSE All Share (ALSI) gained 0.9% on a total return basis for the month and over the 12 months gained 28.3%. Mid Caps (up 3.2%) outperformed Small Caps (up 1.0%) and Large Caps (up 0.6%).
  • The best-performing sectors were Industrial Metals (up 13.0%), Fixed Line Telecommunications (up 8.7%) and General Mining (up 7.7%). The worst were Personal Goods (down 8.8%), Household Goods (down 8.7%) and Beverages (down 5.1%).
  • Over a 10-year period, Industrials (up 25.5% p.a.) outperformed Financials (up 19.3% p.a.) and Resources (up 15.6% p.a.). The composition of the ALSI as at the end of the month was industrials 53.8%, Resources 26.6% and Financials the remaining 19.6%.

Bonds

  • The All Bond Index gained 1.0% for the month and over the 12 months gained 7.2%. The Inflation-linked Bond Index declined 0.1% for the month and over the 12 months gained 9.8%.

Property

  • The SA Listed Property Index gained 1.9% for the month and over 12 months gained 12.7%.

Cash

  • Cash returned 0.5% for the month and over the 12 months returned 5.6%. Over a 10-year period, inflation in the form of ECPI has been 5.9% p.a.

International Market Performance

  • The Rand weakened 0.6% against the US Dollar and strengthened 1.6% against the Euro in July 2014.
  • The MSCI World Index declined 1.6% on a total return basis in US Dollar terms for the month and over the 12 months gained 16.6%. The MSCI Emerging Markets Index gained 2.0% for the month and over the 12 months gained 15.7%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI China (up 8.2%), while the worst-performing was the MSCI Russia (down 8.4%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Hang Seng (up 7.5%), while the worst-performing was the DAX 30 (down 6.5%).
  • The US Dollar Platinum price declined 0.5% for the month and over the 12 months gained 2.7%. The US Dollar Gold price declined 2.3% for the month and over the 12 months declined 1.8%. Brent Crude declined 6.0% for the month and over the 12 months declined 1.9%.
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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.