SA Market Performance – 31 March 2013

Market Indicators

  • JSE All Share (ALSI) 39,860.84
  • Rand/Euro R 11.84
  • Rand/Pound R 14.04
  • Rand/US Dollar R 9.24
  • Rand/Aus Dollar R 9.62

Equity

  • The FTSE/JSE All Share (ALSI) gained 1.2% on a total return basis for the month and over the 12 months gained 22.5%. Small Caps (up 3.3%) outperformed Mid Caps (up 2.5%) and Large Caps (up 0.9%).
  • The best-performing sectors were Pharmaceuticals & Biotechnology (up 14.5%), Automobiles & Parts (up 13.5%) and Tobacco (up 9.4%). The worst were Industrial Metals (down 10.1%), Platinum Mining (down 5.7%), and Mobile Telecommunications (down 5.6%).
  • Over a 10-year period, Industrials (up 27.8%) outperformed Financials (up 21.1%) and Resources (up 14.6%). The composition of the ALSI as at the end of the month was Industrials 50.5%, Resources 28.9% and Financials 20.6%.

Bonds

  • The All Bond Index gained 0.2% for the month and over the 12 months gained 14.4%. The Infl ation-Linked Bond Index gained 1.6% for the month and over the 12 months gained 18.4%.

Property

  • The SA Listed Property Index gained 3.3% for the month and over 12 months gained 37.3%.

Cash

  • Cash returned 0.4% for the month and over the 12 months returned 5.5%. Over a 10-year period, infl ation in the form of ECPI has been 5.2% p.a.

International Market Performance

  • The Rand weakened 2.2% against the US Dollar and weakened 0.3% against the Euro in March 2013.
  • The MSCI World Index gained 2.4% on a total return basis in US Dollar terms for the month and over the 12 months gained 12.5%. The MSCI Emerging Markets Index declined 1.7% 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 MSCI Turkey (up 8.1%), while the worst-performing was the MSCI China (down 4.6%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Nikkei 225 (not TR) (up 5.2%), while the worst-performing was the Hang Seng (down 2.9%).
  • The US Dollar Platinum price declined 1.4% for the month and over the 12 months declined 3.9%. The US Dollar Gold price gained 0.8% for the month and over the 12 months declined 4.1%. Brent Crude declined 6.8% for the month and over the 12 months declined 13.7%.
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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.