South African Market Performance – 30 April 2015

Market Indicators

  • JSE All Share (ALSI) 54,440.43
  • Rand/Euro R 13.33
  • Rand/Pound R 18.30
  • Rand/US Dollar R 11.93
  • Rand/Aus Dollar R 9.39

Equity

  • The FTSE/JSE All Share (ALSI) gained 4.7% on a total return basis for the month and over the 12 months gained 14.8%. Large Caps (up 5.2%) outperformed Small Caps (up 4.1%) and Mid Caps (up 2.1%).
  • The best-performing sectors were Chemicals (up 16.9%), Mobile Telecommunications (up 15.9%) and Automobiles and Parts (up 11.8%). The worst performing sectors were Pharmaceuticals and Biotechnology (down 5.2%), Support Services (down 3.6%) and Construction and Materials (down 2.7%).
  • Over a 10-year period, Industrials (up 24.3% p.a.) outperformed Financials (up 18.4% p.a.) and Resources (up 11.3% p.a.). The composition of the ALSI as at the end of the month was Industrials 61.3%, Resources 15.3% and Financials the remaining 23.4%.

Bonds

  • The All Bond Index declined 0.5% for the month and over the 12 months gained 11.5%. The Inflation-linked Bond Index gained 0.6% and over the 12 months gained 9.6%.

Property

  • The SA Listed Property Index remained flat for the month and over 12 months gained 38.3%.

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 6.0% p.a.

International Market Performance

  • The Rand strengthened 2.9% against the US Dollar and 0.2% against the Euro in April 2015.
  • The MSCI World Index gained 2.4% on a total return basis in US Dollar terms for the month and over 12 months gained 8.0%. The MSCI Emerging Markets Index gained 7.7% for the month and over the 12 months gained 8.2%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI Russia (up 17.3%), while the worst-performing was the MSCI India (down 6.5%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Hang Seng (up 13.1%), while the worst-performing was the DAX 30 (down 0.1%).
  • The US Dollar Platinum price declined 1.3% for the month and over the 12 months declined 20.2%. The US Dollar Gold price declined 2.3% for the month and over the 12 months declined 8.5%. Brent Crude gained 11.6% for the month and over the 12 months declined 43.8%.
Tagged with: , , ,
Posted in Investment Review

The Allan Gray-Orbis Global Equity Feeder Fund remains fully invested in global equities. The objective of the Fund is to outperform the FTSE World Index at no greater-than average risk of loss in its sector.