A difficult month for global markets did not spare South African asset classes, however, both SA property and equity outperformed their global counterparts in rand terms. It was property that felt the brunt of the fall this month with global property the worst performing asset class followed by local property. SA equities were not spared with financials and industrials dragging down the index. Resources held firm, ending the month in positive territory and contributing to relative outperformance. Unsurprisingly, the two best performing asset classes were local cash and global bonds in rand terms.

Portfolio Update / Rebalance

Markets have experienced a sharp pullback this year resulting in asset allocations across portfolios drifting away from their intended values. We believe that it would be appropriate to rebalance portfolios back to their strategic weights.

Please click here for more information about the forthcoming changes.

 

Source: PortfolioMetrix

Periodic Performance