SA Market Performance – 31 March 2014

Market Indicators

  • JSE All Share (ALSI) 47,770.92
  • Rand/Euro R 14.51
  • Rand/Pound R 17.56
  • Rand/US Dollar R 10.53
  • Rand/Aus Dollar R 9.77

Equity

  • The FTSE/JSE All Share (ALSI) gained 1.8% on a total return basis for the month and over the 12 months gained 23.6%. Mid Caps (up 3.9%) outperformed Small Caps (up 2.8%) and Large Caps (up 1.5%).
  • The best-performing sectors were Food & Drug Retailers (up 13.1%), General Retailers (up 12.9%) and Non-life Insurance (up 12.9%). The worst were Technology Hardware & Equipment (down 38.8%), Industrial Metals (down 12.3%) and Media (down 10.5%).
  • Over a 10-year period, Industrials (up 24.7% p.a.) outperformed Financials (up 18.8% p.a.) and Resources (up 13.6% p.a.). The composition of the ALSI as at the end of the month was Industrials 53.7%, Resources 26.8% and Financials 19.5%.

Bonds

  • The All Bond Index gained 1.8% for the month and over the 12 months gained 0.6%. The Inflation-Linked Bond Index gained 2.6% for the month and over the 12 months gained 0.6%.

Property

  • The SA Listed Property Index up 4.8% for the month and over 12 months gained 1.1%.

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 strengthened 2.1% against the US Dollar and 2.3% against the Euro in March 2014.
  • The MSCI World Index gained 0.2% on a total return basis in US Dollar terms for the month and over the 12 months gained 19.7%. The MSCI Emerging Markets Index gained 3.1% for the month and over the 12 months declined 1.1%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI Turkey (up 16.8%), while the worst-performing was the MSCI Russia (down 2.5%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Dow Jones Industrial 30 (up 0.9%), while the worst-performing was the FTSE 100 (down 3.1%).
  • The US Dollar Platinum price declined 2.5% for the month and over the 12 months declined 10.0%. The US Dollar Gold price declined 2.8% for the month and over the 12 months declined 19.2%. Brent Crude declined 2.4% for the month and over the 12 months declined 1.1%.
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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.