South African Market Performance – 31 December 2014

Market Indicators

  • JSE All Share (ALSI) 49,770.60
  • Rand/Euro R 13.98
  • Rand/Pound R 17.99
  • Rand/US Dollar R 11.55
  • Rand/Aus Dollar R 9.45

Equity

  • The FTSE/JSE All Share (ALSI) declined 0.2% on a total return basis for the month and over the 12 months gained 10.9%. Small Caps (up 1.8%) outperformed Mid Caps (up 1.1%) and Large Caps (down 0.5%).
  • The best-performing sectors were Technology Hardware & Equipment (up 12.3%), Gold Mining (up 7.6%) and Media (up 5.6%). The worst performing sectors were Automobiles & Parts (down 9.4%), Coal Mining (down 7.1%) and Oil & Gas Producers (down 6.7%).
  • Over a 10-year period, Industrials (up 22.6% p.a.) outperformed Financials (up 16.7% p.a.) and Resources (up 11.2% p.a.). The composition of the ALSI as at the end of the month was Industrials 58.6%, Resources 19.4% and Financials the remaining 22.0%.

Bonds

  • The All Bond Index declined 1.6% for the month and over the 12 months gained 10.2%. The Inflation-linked Bond Index declined 0.1% for the month and over the 12 months gained 11.2%.

Property

  • The SA Listed Property Index gained 1.1% for the month and over 12 months gained 26.6%.

Cash

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

International Market Performance

  • The Rand weakened 3.6% against the US Dollar and 1.4% against the Euro in December 2014.
  • The MSCI World Index declined 1.6% on a total return basis in US Dollar terms for the month and over 12 months gained 5.5%. The MSCI Emerging Markets Index declined 4.6% for the month and over the 12 months declined 1.8%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI China (up 1.2%), while the worst-performing was the MSCI Russia (down 23.1%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Dow Jones Industrial 30 (up 0.1%), while the worst-performing was the Cac 40 (down 5.3%).
  • The US Dollar Platinum price declined 2.2% for the month and over the 12 months declined 14.1%. The US Dollar Gold price declined 0.9% for the month and over the 12 months declined 2.9%. Brent Crude declined 23.4% for the month and over the 12 months declined 47.5%.
Tagged with: , , ,
Posted in Investment Review

Subscribe to Our Newsletter



The investment objective of the STANLIB Global Property Feeder Fund is to maximise long term total return, both capital and income growth.