31 DAILY INVESTMENT UPDATE United States Europe Hong Kong Wall Street gained on Thursday, led by financial shares, after data showed US economic growth was stronger than previously reported last quarter, helped by robust consumer spending, and the tech-heavy Nasdaq set a record closing high. The Dow Jones Industrial Average rose 0.33%, the S&P 500 gained 0.30%, and the Nasdaq Composite added 0.29%. European shares climbed on Thursday, helped by gains among industrials and commodity stocks, while German blue chips came within striking distance of their alltime highs. The pan-european STOXX 600 rose 0.5% to 380.4 points, its highest level in nearly 16 months, while Germany's DAX added 0.4% to 12,256 points, just 1.1% below a record high hit almost two years ago. Hong Kong joined an Asia-wide decline, with no support from southbound inflows and as investors balanced positions on the last day of the month and quarter. The Hang Seng index dropped 0.5%, while the Hong Kong China Enterprises Index lost 0.6% in midmorning trade. Local The JSE closed lower on Thursday, due to a stronger rand, but banks and platinums gained after SARB s decision to keep interest rates on hold. Retail and industrial stocks were weaker on the day. The all share was 0.35% lower and the bluechip top 40 dropped 0.41%. Japan Japanese stocks rose on Friday as upbeat industrial production data and a weak yen supported sentiment, with exporters and tech shares underpinning the broad market in early trade. The Nikkei share average gained 0.5%, and is poised for a similar weekly decline. Rand Precious Metals Oil The rand had plummeted 5% to R13.47/$ by 06h30 on Friday morning, from Thursday s R12.79/$, following President Jacob Zuma s dismissal of Pravin Gordhan as finance minister. Speculation and confirmation of the news of President Zuma s appointment of former home affairs minister Malusi Gigaba as finance minister sent the rand 5% weaker against the euro to R14.39/ from R13.72/ and 5.3% weaker against the pound to R16.82/ from R15.98/. Gold prices edged lower on Friday and were headed for a weekly decline as positive US economic data buoyed the dollar, but uncertainty over upcoming elections in Europe and Britain s exit from the EU capped losses. Spot gold was down 0.2% on the day at $1,240.45/oz at 02h55 GMT, and was set for a similarsized weekly loss, which would be its first weekly decline in three. Oil prices eased on Friday as traders took profits following three days of gains on the expectation that an OPECled crude supply cut that was initially supposed to only last for the first half of the year would be extended. Prices for front-month Brent crude futures, the international benchmark for oil, were at $52.83 a barrel at 01h34 GMT, down 13 cents from their last close.
Economic Calendar Local ZA: ABSA Manufacturing PMI MAR ZA: Balance of Trade FEB International UK: GDP Growth Rate QoQ Final Q4 EA: Inflation Rate YoY Flash MAR US: Personal Income MoM FEB Source: Reuters, Business Day, Trading Economics Daily Indicators Local Markets (R) Index Current Level 1 Day Move 1 Month Move 3 Month Move 6 Month Move 1 Year Move ALSI 52,261.18-0.35 3.09 4.18 2.00 2.46 Gold Mining 1,330.41-3.36 2.10-1.37-36.37-34.66 Basic Minerals 22,715.07 0.52 1.36 1.12-0.10 12.73 Industrials 76,694.72-0.99 4.12 6.56 1.56-0.35 Financials 41,523.13 0.30 2.45 2.02 4.97 1.58 Financials & Industrials 7,674.61-0.59 3.58 5.07 2.61 0.33 International Markets (Base currency) Index Current Level 1 Day Move 1 Month Move 3 Month Move 6 Month Move 1 Year Move Dow Jones (USD) 20,728.49 0.33-0.28 5.52 14.66 20.07 S&P 500 (USD) 2,368.06 0.30 0.34 6.31 10.37 17.20 NASDAQ (USD) 5,914.34 0.29 1.61 10.18 12.00 22.95 FT-100 (GBP) 7,369.52 0.01 1.77 4.31 8.82 23.60 Hang Seng (HKD) 24,301.09-0.37 2.49 11.01 5.15 21.38 Nikkei 225 (JPY) 19,063.22-0.80 0.41 0.50 16.97 15.08 Paris CAC (EUR) 5,089.64 0.41 4.89 4.83 14.89 17.49 Frankfurt (EUR) 12,256.43 0.44 3.57 6.75 16.61 22.00 Other Markets Index Current Level 1 Day Move 1 Month Move 3 Month Move 6 Month Move 1 Year Move Gold ($) 1,250.90-0.16-0.08 7.92-5.80 1.03 Platinum ($) 955.00-0.83-6.92 5.52-7.10 1.06 Brent Oil ($) 52.96 1.03-4.73-6.79 7.95 34.90 Rand/USD 13.46-3.35-2.53 1.05 3.11 9.74 Rand/GBP 16.79-3.70-3.38-0.45 6.66 21.43 Rand/EUR 14.37-2.58-3.72-0.25 7.78 14.87 ALBI (R) 559.90 1.25 2.84 4.98 5.32 14.08 **Some data may be delayed, the above table reflects the latest available information from Morningstar. PSG Wealth Equity Portfolios Portfolio PSG Wealth SA Equity Portfolio PSG Wealth Offshore Equity Portfolio (USD) PSG Wealth SA Property Equity Portfolio PSG Wealth SA Dividend Income Equity Portfolio PSG Wealth Managed Volatility Equity Portfolio * Portfolio performance is reported net of management fees of 1.71% pa (local) and 2.28% pa (offshore) * PSG Wealth SA and Offshore Equity Portfolio Inception date: 30 August 2015 * PSG Wealth SA Listed Property Portfolio Inception date: 1 December 2015 * PSG Wealth Dividend Income Equity Portfolio Inception date: 29 April 2016 * PSG Wealth Managed Volatility Equity Portfolio Inception date: 28 July 2016 * PSG Wealth s are exclusively available through registered PSG planners and/or advisors 1 Month Move 3 Month Move 6 Month Move 1 Year Move Since Inception 1.51 1.74 1.35 5.39 12.99 1.28 6.63 6.12 8.97 13.76-0.01 0.11-1.05-7.13-7.31 1.88 2.59 4.53 N/A 1.30-0.21 2.11-0.76 N/A -0.00
Local funds Performance data on local funds* is shown up to the last market close minus 1 day. PSG Wealth Solutions PSG Wealth Enhanced Interest D 3.98 8.23 7.64 7.14 6.76 6.53 PSG Wealth Income FoF D 4.02 9.24 8.30 8.35 7.66 8.06 PSG Wealth Preserver FoF D 1.96 4.88 6.76 8.13 8.88 10.34 PSG Wealth Moderate FoF D 1.63 4.01 5.80 7.94 10.36 12.11 PSG Wealth Creator FoF D 1.95 6.76 3.92 6.34 10.51 12.31 PSG Wealth Global Moderate FF D -2.64-9.23 4.39 7.98 12.68 16.12 PSG Wealth Global Creator FF D 0.21-4.74 9.16 12.57 - - PSG Asset Management PSG Money Market A 3.74 7.52 7.04 6.72 6.19 6.08 PSG Income A 4.17 8.91 7.87 7.47 6.80 6.47 PSG Diversified Income 4.32 8.60 8.25 7.86 7.68 8.21 PSG Stable A 4.52 8.91 8.01 8.33 8.89 9.92 PSG Balanced A 6.02 10.95 8.23 9.96 12.37 13.22 PSG Flexible 7.04 12.59 9.83 11.33 15.08 15.38 PSG SA Equity D 9.58 23.30 6.19 8.32 - - PSG Equity A 11.02 20.83 8.35 9.74 15.31 17.29 PSG Global Flexible FF A 4.73 1.07 8.47 10.16 - - PSG Global Equity FF A 6.98 4.62 8.29 9.50 14.54 16.31 PSG Wealth Solutions: 1 Year Move PSG Asset Management funds: 1 Year Move 20.00 16.00 12.00 8.00 4.00 0.00 32.00 28.00 24.00 20.00 16.00 12.00 8.00 4.00 0.00 PSG Wealth Enhanced Interest D PSG Wealth Income FoF D PSG Wealth Preserver FoF D PSG Wealth Moderate FoF D PSG Wealth Creator FoF D PSG Wealth Global Moderate FF D PSG Wealth Global Creator FF D PSG Money Market A PSG Income A PSG Diversified Income PSG Stable A PSG Balanced A PSG Flexible PSG SA Equity D PSG Equity A PSG Global Flexible FF A PSG Global Equity FF A Offshore funds Performance data on offshore funds* is shown up to the last market close minus 1 day PSG Wealth Solutions ($) PSG Wealth Global Moderate FoF D 3.70 7.76 0.47 0.93 3.41 4.11 PSG Wealth Global Creator FoF D 6.69 13.31 5.07 5.19 7.46 - PSG Wealth Global Preserver FoF (USD) D 1.53 7.85 3.84 3.72 3.78 4.03 PSG Wealth Global Flexible FoF (USD) D 5.77 12.72 6.42 5.27 7.08 7.30 PSG Wealth Solutions ( ) PSG Wealth Global Preserver FoF (GBP) D 4.67 17.81 10.37 10.47 8.21 8.40 PSG Wealth Global Flexible FoF (GBP) D 9.76 25.47 13.75 14.88 11.59 12.01
PSG Asset Management ($) PSG Global Flexible USD A 11.90 20.81 4.70 3.14 5.64 - PSG Global Equity USD 14.11 24.81 4.31 2.63 5.90 6.16. Local Equity Portfolios Anglo American PLC 283,478 202.16 2.10-0.71 Aspen Pharmacare Holdings Ltd 123,480 270.79-1.25-4.44 Barclays Africa Group Ltd 127,230 150.27 0.62-1.11 BHP Billiton PLC 1,084,288 203.72 0.56-2.49 Cie Financiere Richemont SA DR 569,456 100.86-1.00 5.58 Hudaco Industries Ltd 4,609 145.65-0.24 6.19 Jse Ltd 11,405 131.28-0.55-15.92 MTN Group Ltd 224,649 123.25-0.01 6.64 Naspers Ltd Class N 987,584 2,308.00-1.67 10.03 Old Mutual PLC 170,133 34.51-0.26-1.71 Reinet Investments SCA DR 55,942 28.55-0.59 1.67 Remgro Ltd 193,741 211.04-0.22-5.49 Sasol Ltd 250,667 383.15 0.07 4.01 Standard Bank Group Ltd 242,666 153.70 1.89 10.40 Steinhoff International Holdings NV 272,735 64.30 0.78-7.92 Super Group Ltd 12,546 35.97-1.05 3.36 Tiger Brands Ltd 74,224 408.40-0.75-2.30 Truworths International Ltd 38,220 89.07-0.03 5.26 Tsogo Sun Holdings Ltd 26,605 27.79-0.39 0.43 Wilson Bayly Holmes-Ovcon Ltd 8,860 161.50 0.31 10.81 Woolworths Holdings Ltd 69,735 72.59-0.15 5.60 Local Property Equity Portfolio PSG Wealth SA Equity Portfolio PSG Wealth SA Property Equity Portfolio Arrowhead Properties Ltd Class A 9,459 9.22 0.33 5.53 Attacq Ltd 12,016 17.10-0.41-5.42 Capital & Counties Properties PLC 38,439 45.43-1.69-4.34 Emira Property Ltd 7,001 14.10-0.42 0.61 Fortress Income Ltd Class A 37,974 17.01 1.13 1.66 Fortress Income Ltd Class B 75,211 33.69-0.33-1.10 Growthpoint Properties Ltd 73,665 26.29 0.23 2.87 Hammerson PLC 71,784 90.50-0.71-5.23 Hyprop Investments Ltd 31,217 125.86-0.85 3.10 Intu Properties PLC 59,012 43.55-1.98-6.30 Investec Property Ltd 11,190 15.98 0.00 0.50 New Europe Property Investments PLC 45,014 140.02-1.36-3.18 Redefine Properties Ltd 48,689 11.22-0.53 3.22 Resilient REIT Ltd 47,449 118.25-0.89 0.79 Rockcastle Global Real Estate Co Ltd 30,682 32.45 1.44 1.99 SA Corporate Real Estate 13,409 5.55-1.25 2.78 Vukile Property Ltd 13,336 19.31 0.31 2.88
Local Dividend Income Equity Portfolio Barclays Africa Group Ltd 127,230 150.27 0.62-1.11 British American Tobacco PLC 1,583,712 849.46-0.37 3.43 Cie Financiere Richemont SA DR 569,456 100.86-1.00 5.58 Exxaro Resources Ltd 42,449 119.50 3.62 10.73 Firstrand Ltd 275,430 49.12 1.61 1.19 Imperial Holdings Ltd 34,208 174.00 0.69 4.13 Liberty Holdings Ltd 29,966 110.07 0.52-0.99 Mondi Ltd 153,435 316.00 0.49 5.15 Mr Price Group Ltd 44,741 168.87 0.46-0.66 MTN Group Ltd 224,649 123.25-0.01 6.64 Nedbank Group Ltd 124,692 260.65 1.02 6.39 Netcare Ltd 37,019 27.30-10.05-14.15 Old Mutual PLC 170,133 34.51-0.26-1.71 Reunert Ltd 13,567 73.91 0.76 5.33 Sanlam Ltd 137,533 68.66-0.49 1.31 Sasol Ltd 250,667 383.15 0.07 4.01 Sibanye Gold Ltd 26,040 28.03-3.64 6.54 Tiger Brands Ltd 74,224 408.40-0.75-2.30 Truworths International Ltd 38,220 89.07-0.03 5.26 Woolworths Holdings Ltd 69,735 72.59-0.15 5.60 Local Managed Volatility Portfolio PSG Wealth SA Dividend Income Equity Portfolio PSG Wealth Managed Volatility Equity Portfolio AECI Ltd 12,855 116.45 0.34 6.39 Aspen Pharmacare Holdings Ltd 123,480 270.79-1.25-4.44 Cashbuild Ltd 8,779 378.00-0.67 3.62 Cie Financiere Richemont SA DR 569,456 100.86-1.00 5.58 Italtile Ltd 12,444 13.26 1.22-4.14 Jse Ltd 11,405 131.28-0.55-15.92 Liberty Holdings Ltd 29,966 110.07 0.52-0.99 Mondi PLC 116,324 316.75 0.91 4.42 Netcare Ltd 37,019 27.30-10.05-14.15 Reinet Investments SCA DR 55,942 28.55-0.59 1.67 Reunert Ltd 13,567 73.91 0.76 5.33 Santam Ltd 28,191 256.00 0.71 7.91 Sun International Ltd 7,662 78.20 0.64-9.49 Super Group Ltd 12,546 35.97-1.05 3.36 Tiger Brands Ltd 74,224 408.40-0.75-2.30 Tsogo Sun Holdings Ltd 26,605 27.79-0.39 0.43 Wilson Bayly Holmes-Ovcon Ltd 8,860 161.50 0.31 10.81
Offshore Equity Portfolio PSG Wealth Offshore Equity Portfolio Share name Market Cap (USD million) Current Price (Base Currency) 1 Day Return (USD) 1 Month Return (USD) Alphabet Inc C 574,916 831.50 0.01 1.01 Berkshire Hathaway Inc B 412,843 167.36 0.46-2.37 Heineken NV 48,588 79.45 0.19 3.04 ishares US Technology 3,397 135.22 0.11 2.55 Johnson & Johnson 337,940 124.66-0.21 2.00 JPMorgan Chase & Co 318,012 89.03 0.86-1.75 Mastercard Inc A 121,449 112.67 0.54 2.00 Microsoft Corp 507,776 65.71 0.37 2.70 Nestle SA 240,398 77.30-0.30 4.66 Pfizer Inc 204,559 34.35 0.06 0.67 Roche Holding AG 220,433 257.75 1.27 8.46 Vodafone Group PLC 69,276 2.09-0.26 3.82 Volkswagen AG 75,771 140.80-0.23-0.72 Yum Brands Inc 22,653 64.02-0.05-1.99 Yum China Holdings Inc 10,192 26.52-0.34-0.26 The information in this document is to the best of our knowledge correct at the time of distribution but due to the nature thereof cannot be guaranteed. This document only contains general information and not the opinion of the distributor. Affiliates of the PSG Konsult Group are authorised financial services providers.