South African Market Performance – 30 November 2014

Market Indicators

  • JSE All Share (ALSI) 49,911.37
  • Rand/Euro R 13.78
  • Rand/Pound R 17.31
  • Rand/US Dollar R 11.06
  • Rand/Aus Dollar R 9.42

Equity

  • The FTSE/JSE All Share (ALSI) gained 0.5% on a total return basis for the month and over the 12 months gained 14.4%. Mid Caps (up 5.4%) outperformed Small Caps (up 1.0%) and Large Caps (down 0.2%).
  • The best-performing sectors were Fixed Line Telecommunications (up 17.3%), Food Producers (up 14.2%) and Gold Mining (up 11.4%). The worst performing sectors were Oil & Gas Producers (down 15.9%), Technology Hardware & Equipment (down 13.4%) and Construction & Materials (down 12.9%).
  • Over a 10-year period, Industrials (up 22.9% p.a.) outperformed Financials (up 17.1% p.a.) and Resources (up 11.3% p.a.). The composition of the ALSI as at the end of the month was Industrials 57.8%, Resources 20.3% and Financials the remaining 21.9%.

Bonds

  • The All Bond Index gained 2.4% for the month and over the 12 months gained 13.1%. The Inflation-linked Bond Index gained 0.9% for the month and over the 12 months gained 12.5%.

Property

  • The SA Listed Property Index gained 2.8% for the month and over 12 months gained 26.5%.

Cash

  • Cash returned 0.5% for the month and over the 12 months returned 5.9%. Over a 10-year period, inflation in the form of ECPI has been 6.0% p.a.

International Market Performance

  • The Rand weakened 0.2% against the US Dollar but gained 0.2% against the Euro November 2014.
  • The MSCI World Index gained 2.1% on a total return basis in US Dollar terms for the month and over 12 months gained 9.5%. The MSCI Emerging Markets Index declined 1.1% for the month and over the 12 months gained 1.4%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI Turkey (up 7.5%), while the worst-performing was the MSCI Russia (down 10.8%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Dax 30 (up 6.5%), while the worst-performing was the Hang Seng (up 0.1%).
  • The US Dollar Platinum price declined 4.7% for the month and over the 12 months declined 11.2%. The US Dollar Gold price declined 3.8% for the month and over the 12 months declined 5.0%. Brent Crude declined 9.3% for the month and over the 12 months declined 29.0%.
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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.