Returns across all rand denominated asset classes, bar SA Cash & Stable Income, were negative in September. Global risk assets (Equity & Property) fared the worst losing -4.7% and -4.4% respectively. The rand strengthened against the US dollar from R16.94 to R16.73 by the end of the month, but this hides the true picture as intra-month the rand reached a level of R16.13. Q3 2020 Asset class returns were pleasingly positive, but SA property faced yet another tough quarter losing -15.6%.  The SA 10-year yield remained stubbornly high at just under 9.5% whilst the repo rate was held at a generational low of 3.5%.

Source: PortfolioMetrix

SA PROFILE PERFORMANCE