South African equities and bonds performed strongly for the month with South African bonds the best performing asset class. Unfortunately, the financials bounce in the equity market did not take hold in the SA property sector with it being the worst South African asset class for the month. Global asset classes all fell in rand terms on the back of a stronger currency suppressing returns in local currency terms.

Mid and small cap stocks in South Africa continued their charge, comfortably outperforming the large cap segment of SA equities.

Source: PortfolioMetrix

SA PROFILE PERFORMANCE