The first quarter of 2014 was led by South African equities delivering a return for the quarter of 4.3% taking the 12-month return for the FTSE/JSE All Share Index to end March to 23.6%. Foreign equity remains the top performer in rand terms over the last 12 months with a return to end March of 36.5%.
A diversified portfolio made up of 60% FTSE/JSE All Share; 10% bonds; 10% money market; 12.5% global equities and 7.5% global bonds again performed well on a risk-adjusted basis delivering 3.3% for the quarter and 20.2% over the last 12 months.
Question: Is your investment portfolio appropriately diversified?