South African Market Performance – 31 August 2015

Market Indicators

  • JSE All Share (ALSI) 49,972.33
  • Rand/Euro R 14.84
  • Rand/Pound R 20.36
  • Rand/US Dollar R 13.25
  • Rand/Aus Dollar R 9.41

Equity

  • The FTSE/JSE All Share (ALSI) declined 3.6% on a total return basis for the month and over the 12 months gained 1.1%. Mid Caps (up 0.4%) outperformed Small Caps (down 1.3%) and Large Caps (down 4.3%).
  • The best-performing sectors were Gold Mining (up 23.6%), Platinum Mining (up 8.4%) and Household Goods (up 3.8%). The worst-performing sectors were Industrial Metals (down 19.4%) and Mobile Telecommunications (down 12.4%)
  • Over a 10-year period, Industrials (up 21.0% p.a.) outperformed Financials (up 15.9% p.a.) and Resources (up 6.2% p.a.). The composition of the ALSI as at the end of the month was Industrials 63.1%, Resources 12.8% and Financials the remaining 24.2%.

Bonds

  • The All Bond Index gained 0.1% for the month and over the 12 months gained 5.4%. The Inflation-linked Bond Index declined 0.7% and over the 12 months gained 5.5%.

Property

  • The SA Listed Property Index gained 0.2% for the month and over 12 months gained 27.5%.

Cash

  • Cash returned 0.5% for the month and over the 12 months returned 6.3%. Over a 10-year period, inflation in the form of ECPI has been 6.2% p.a.

International Market Performance

  • The Rand weakened 4.6% against the US Dollar and 6.4% against the Euro in August 2015.
  • The MSCI World Index declined 6.6% on a total return basis in US Dollar terms for the month and over 12 months declined 3.6%. The MSCI Emerging Markets Index declined 9.0% for the month and over the 12 months declined 22.7%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the KOSPI 200 (down 4.3%), while the worst-performing was the Bovespa (down 14.1%).
  • The best-performing developed market index from the selection of international equity indices for the month was the S&P 500 (down 6.0%), while the worst-performing was the Hang Seng (down 11.8%).
  • The US Dollar Platinum price gained 2.5% for the month and over the 12 months declined 29.6%. The US Dollar Gold price gained 3.3% for the month and over the 12 months declined 12.2%. Brent Crude declined 6.3% for the month and over the 12 months declined 51.6%.
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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.