Global risk assets drove performance in rands for South African (SA) investors over the month. The rand did weaken slightly but overall returns from global equity and global property were produced mainly in hard currency. US markets continued to perform well with strong earnings results keeping global stock markets buoyant. SA Equity and emerging market equities in general lagged developed equities. SA property was the worst performing asset class followed by local bonds as investors factored in the likelihood of global central banks reducing stimulus and raising interest rates pushing global bond yields up.

Source: PortfolioMetrix

SA PROFILE PERFORMANCE