South African (SA) equity was the best performing local asset class with the Resources sector masking the fall in Naspers and Prosus due to Chinese regulatory risks. However, global asset classes trumped local asset classes as the rand came under pressure and developed markets continued to grind higher. Global Property was by far the strongest performing asset class for the month. Unfortunately, this could not be replicated in the local property market as it took a breather from what has been a spectacular recovery year-to-date.

Source: PortfolioMetrix

SA PROFILE PERFORMANCE