South African Market Performance – 31 March 2015

Market Indicators

  • JSE All Share (ALSI) 52,181.95
  • Rand/Euro R 13.04
  • Rand/Pound R 18.02
  • Rand/US Dollar R 12.14
  • Rand/Aus Dollar R 9.26

Equity

  • The FTSE/JSE All Share (ALSI) declined 1.3% on a total return basis for the month and over the 12 months gained 12.5%. Mid Caps remained flat and outperformed Large Caps (down 1.5%) and Small Caps (down 2.2%).
  • The best-performing sectors were Household Goods (up 13.0%), Software & Computer Services (up 9.2%) and Media (up 9.1%). The worst performing sectors were Industrial Metals (down 25.9%), Platinum Mining (down 17.8%) and Coal Mining (down 12.0%).
  • Over a 10-year period, Industrials (up 23.2% p.a.) outperformed Financials (up 17.8% p.a.) and Resources (up 9.5% p.a.). The composition of the ALSI as at the end of the month was Industrials 61.6%, Resources 14.8% and Financials the remaining 23.6%.

Bonds

  • The All Bond Index declined 0.5% for the month and over the 12 months gained 12.4%. The Inflation-linked Bond Index gained 0.6% and over the 12 months gained 9.6%.

Property

  • The SA Listed Property Index gained 2.6% for the month and over 12 months gained 41.4%.

Cash

  • Cash returned 0.5% for the month and over the 12 months returned 6.2%. Over a 10-year period, inflation in the form of ECPI has been 5.9% p.a.

International Market Performance

  • The Rand weakened 4.0% against the US Dollar and strengthened 0.6% against the Euro in March 2015.
  • The MSCI World Index declined 1.5% on a total return basis in US Dollar terms for the month and over 12 months gained 6.6%. The MSCI Emerging Markets Index declined 1.4% for the month and over the 12 months gained 0.8%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI China (up 2.4%), while the worst-performing was the Bovespa (down 11.3%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Nikkei 225 (up 2.5%), while the worst-performing was the FTSE 100 (down 5.8%).
  • The US Dollar Platinum price declined 4.1% for the month and over the 12 months declined 20.4%. The US Dollar Gold price declined 2.4% for the month and over the 12 months declined 7.9%. Brent Crude declined 13.1% for the month and over the 12 months declined 50.5%.
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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.