South African (SA) asset classes had a particularly strong month in November comfortably outperforming their global counterparts. SA equities rose by almost 10% whilst global equities remained relatively flat in rands. The rand staged a strong comeback strengthening from over R18 to the US dollar to R17 as at the end of the month. This negatively affected the rand returns of global asset classes. The local equity market was driven by strong performance in the resources sector and a particularly good month for the Naspers / Prosus stable as China stocks rallied significantly.

Periodic Performance