2015 Market Review in Numbers

Local Markets:

• 2015 saw the FTSE/JSE All Share up 5.1% despite a 37% decline in Resources over the 12-month period to end December. The 37% decline in the Resource sector has taken its five-year annualised return to -12% p.a.
• 2015 saw SA Industrials up by 15% with Financials up 3.9%.
• SA Large Caps delivered 7.5% during calendar 2015 with both Small Caps and Mid-Caps negative at -3.9% and -7.5% respectively.
• Five year annualised returns:
  – SA Listed Property: 19% p.a.
  – FTSE/JSE All Share: 13% p.a.
  – SA All Bond Index: 8% p.a.
  – SA Cash: 6% p.a.

Exchange Rates:

• The Rand depreciated strongly against the Pound (-20.4%), US Dollar (-25.9%) and the Euro (-16.7%)
• At Southwood Financial Planning, the longer term trend is more important with the performance of the South – – African rand over the 5-years to end December 2015 being as follows:
  – Depreciation against the Euro: -47% (-12%.0%) p.a.
  – Depreciation against the Pound: -54% (-14.5%) p.a.
  – Depreciation against the US Dollar: -57% (-15.6%) p.a.
• The Rand closed 2015 at R15.5 against the Dollar, R16.8 against the Euro and R22.5 against the Pound.

Offshore Markets:

• The MSCI World Index in SA Rand delivered 34.6% over the 12 months to end December 2015 while the MSCI Emerging Markets Index in SA Rand returned 15.3%.
• Over the last five years, developed markets have performed extremely well returning in SA Rand 28% p.a.
• In USD terms, for the 12 months to end December 2015:
  – Nikkei 225: 9.1%
  – S & P 500: -0.7%
  – MSCI ACWI -1.84%
  – FTSE100; -4.5%
  – MSCI Emerging Markets: – 14.6%
  – ALSI -24.5%

For more info please read the ” Update on market and economic developments” by Investec Asset Management