South African Market Performance – 28 February 2015

Market Indicators

  • JSE All Share (ALSI) 53,344.20
  • Rand/Euro R 13.05
  • Rand/Pound R 18.00
  • Rand/US Dollar R 11.66
  • Rand/Aus Dollar R 9.11

Equity

  • The FTSE/JSE All Share (ALSI) gained 4.1% on a total return basis for the month and over the 12 months gained 16.1%. Large Caps (up 4.5%) outperformed Mid Caps (up 1.9%) and Small Caps (up 0.8%).
  • The best-performing sectors were Fixed Line Telecommunications (up 17.7%), General Mining (up 14.2%) and Household Goods (up 12.6%). The worst performing sectors were Construction & Materials (down 9.8%), Gold Mining (down 8.7%) and Food and Drug Retailers (down 7.2%).
  • Over a 10-year period, Industrials (up 23.0% p.a.) outperformed Financials (up 17.3% p.a.) and Resources (up 10.6% p.a.). The composition of the ALSI as at the end of the month was Industrials 58.0%, Resources 19.8% and Financials the remaining 22.2%.

Bonds

  • The All Bond Index declined 2.8% for the month and over the 12 months gained 15.1%. The Inflation-linked Bond Index declined 0.3% and over the 12 months gained 11.8%.

Property

  • The SA Listed Property Index gained 3.2% for the month and over 12 months gained 44.3%.

Cash

  • Cash returned 0.5% for the month and over the 12 months returned 6.1%. Over a 10-year period, inflation in the form of ECPI has been 5.9% p.a.

International Market Performance

  • The Rand weakened 0.2% against the US Dollar and strengthened 0.6% against the Euro in February 2015.
  • The MSCI World Index gained 5.9% on a total return basis in US Dollar terms for the month and over 12 months gained 8.4%. The MSCI Emerging Markets Index gained 3.1% for the month and over the 12 months gained 5.4%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI Russia (up 22.8%), while the worst-performing was the MSCI Turkey (down 9.1%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Nasdaq 100 (up 7.0%), while the worst-performing was the Hang Seng 30 (up 1.3%).
  • The US Dollar Platinum price declined 6.7% for the month and over the 12 months declined 18.7%. The US Dollar Gold price declined 5.9% for the month and over the 12 months declined 8.8%. Brent Crude gained 30.4% for the month and over the 12 months declined 44.8%.
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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.