South African Market Performance – 30 June 2015

Market Indicators

  • JSE All Share (ALSI) 51,806.95
  • Rand/Euro R 13.55
  • Rand/Pound R 19.10
  • Rand/US Dollar R 12.15
  • Rand/Aus Dollar R 9.35

Equity

  • The FTSE/JSE All Share (ALSI) declined 0.8% on a total return basis for the month and over the 12 months gained 4.8%. Large Caps (down 0.2%) outperformed Small Caps (down 1.9%) and Mid Caps (down 3.8%).
  • The best-performing sectors were Support Services (up 8.8%) and Mobile Telecommunications (up 6.3%). The worst performing sectors were Platinum Mining (down 12.4%), Construction & Materials (down 10.7%) and Industrial Engineering (down 8.1%).
  • Over a 10-year period, Industrials (up 22.6% p.a.) outperformed Financials (up 16.9% p.a.) and Resources (up 8.0% p.a.). The composition of the ALSI as at the end of the month was Industrials 63.2%, Resources 13.6% and Financials the remaining 23.2%.

Bonds

  • The All Bond Index declined 0.2% for the month and over the 12 months gained 8.2%. The Inflation-linked Bond Index gained 0.4% and over the 12 months gained 5.1%.

Property

  • The SA Listed Property Index declined 0.4% for the month and over 12 months gained 27.0%.

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 6.1% p.a.

International Market Performance

  • The Rand weakened 0.1% against the US Dollar and 1.4% against the Euro in June 2015.
  • The MSCI World Index declined 2.3% on a total return basis in US Dollar terms for the month and over 12 months gained 2.0%. The MSCI Emerging Markets Index declined 2.5% for the month and over the 12 months declined 4.8%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the Bovespa (up 3.4%), while the worst-performing was the MSCI China (down 5.5%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Nikkei 225 (remained flat), while the worst-performing was the FTSE 100 (down 3.5%).
  • The US Dollar Platinum price declined 3.3% for the month and over the 12 months declined 27.2%. The US Dollar Gold price declined 1.7% for the month and over the 12 months declined 11.2%. Brent Crude declined 1.5% for the month and over the 12 months declined 46.4%.
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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.