6 DAILY INVESTMENT UPDATE United States Europe Hong Kong Minutes of the Fed's last meeting showed most policymakers thought the US central bank should begin trimming its $4.5 trillion balance sheet later this year, much earlier than many had expected. The Dow ended down 0.19%, while the S&P 500 lost 0.30% and the Nasdaq 0.58%. European shares ended little changed on Wednesday, as gains in commodity stocks were offset by weaker autos, but investors remained upbeat about prospects for the region's equities following solid economic data. The pan- European STOXX 600 index ended at 380 points after moving in and out of positive territory throughout the session. Asian markets trading before the JSE s opening were jittery ahead of US President Donald Trump s meeting with his Chinese counterpart, Xi Jinping, which is scheduled to start on Thursday. Hong Kong s Hang Seng index was down 0.6%. Local Wednesday continued the JSE s trend started on 27 March when President Jacob Zuma reversed SA s winning economic streak. The JSE s banking index has lost 13% over the past two weeks, while its resources 10 index has gained 13%. Japan Japan s Nikkei fell 1.4% to touch its lowest since early December on Thursday morning. Rand Precious Metals Oil The rand was trading at R13.84/$ at 07h00 on Thursday morning, with traders expecting it to weaken back over R14/$ by Friday. Gold prices held firm on Thursday due to a weaker dollar as appetite for risky assets like equities waned ahead of a potentially tense meeting between US President Donald Trump and his Chinese counterpart. Spot gold was mostly unchanged at $1 254.06/oz by 03h24 GMT. Oil prices fell on Thursday as record US crude inventories underscored that crude markets remain bloated, despite efforts led by oil cartel Opec to cut output and prop up prices. Brent crude futures were at $54.07 a barrel at 03h10.
Economic Calendar Local International No economic data scheduled for release EA: Retail PMI MAR US: Continuing Jobless Claims MAR Source: Reuters, Business Day, Trading Economics Daily Indicators Local Markets (R) Index Current Level 1 Day Move 1 Month Move 3 Month Move 6 Month Move 1 Year Move ALSI 52,990.08 0.75 3.51 6.14 3.62 6.42 Gold Mining 1,537.99 3.34 22.31 9.16-14.76-21.70 Basic Minerals 24,597.56 3.56 8.60 8.28 9.48 30.63 Industrials 77,850.52 0.50 5.19 9.14 3.07 2.34 Financials 39,518.92-1.31-4.37-1.89-0.36-0.96 Financials & Industrials 7,635.91-0.06 2.07 5.52 1.99 1.36 International Markets (Base currency) Index Current Level 1 Day Move 1 Month Move 3 Month Move 6 Month Move 1 Year Move Dow Jones (USD) 20,648.15-0.19-1.55 4.39 14.36 20.39 S&P 500 (USD) 2,352.95-0.30-1.11 4.23 10.07 17.53 NASDAQ (USD) 5,864.48-0.58-0.01 7.17 10.97 22.55 FT-100 (GBP) 7,331.68 0.13-0.30 3.01 6.20 25.18 Hang Seng (HKD) 24,400.80 0.57 3.72 9.20 3.40 25.63 Nikkei 225 (JPY) 18,861.27 0.27-2.44-2.63 13.19 22.16 Paris CAC (EUR) 5,091.85-0.18 2.06 4.06 13.88 22.91 Frankfurt (EUR) 12,217.54-0.53 1.58 5.46 15.41 27.75 Other Markets Index Current Level 1 Day Move 1 Month Move 3 Month Move 6 Month Move 1 Year Move Gold ($) 1,252.50-0.49 1.93 6.77-1.69 1.71 Platinum ($) 956.00 0.31-3.24 1.49-5.06 0.74 Brent Oil ($) 54.36 0.35-2.75-4.45 4.82 43.54 Rand/USD 13.85-2.06-6.66-1.55 0.50 7.63 Rand/GBP 17.29-2.46-8.84-2.40 0.10 18.36 Rand/EUR 14.78-2.09-7.53-2.39 4.48 13.37 ALBI (R) 541.40-0.56-1.26 1.11 1.33 11.04 **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 2.41 4.19 3.36 9.57 14.46-0.57 4.26 5.05 8.78 13.20-0.47 0.11 0.00-7.53-7.47-3.40-0.78 1.40 N/A -2.24-1.01 2.07-2.01 N/A -1.13
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 8.16 7.63 7.13 6.76 6.53 PSG Wealth Income FoF D 3.91 9.17 8.23 8.30 7.61 8.02 PSG Wealth Preserver FoF D 3.36 6.38 7.10 8.23 9.16 10.48 PSG Wealth Moderate FoF D 3.94 5.92 6.28 8.09 10.78 12.33 PSG Wealth Creator FoF D 4.19 7.13 4.02 6.03 10.90 12.36 PSG Wealth Global Moderate FF D 4.03-0.23 7.35 9.48 14.36 17.29 PSG Wealth Global Creator FF D 7.44 5.35 12.58 14.23 - - PSG Asset Management PSG Money Market A 3.12 6.90 6.76 6.55 6.19 5.98 PSG Income A 4.06 8.75 7.84 7.44 6.79 6.47 PSG Diversified Income 4.07 8.36 8.09 7.74 7.64 8.19 PSG Stable A 4.50 8.61 7.70 8.12 8.83 9.86 PSG Balanced A 6.49 10.79 7.84 9.69 12.51 13.17 PSG Flexible 8.04 12.66 9.54 11.22 15.31 15.38 PSG SA Equity D 8.94 19.27 4.72 7.31 - - PSG Equity A 11.99 20.03 8.00 9.14 15.62 17.19 PSG Global Flexible FF A 11.60 10.74 11.46 11.67 - - PSG Global Equity FF A 13.94 14.50 11.27 10.86 16.05 17.36 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 ($) PSG Wealth Global Moderate FoF D 3.45 6.64 0.13 0.38 3.35 4.01 PSG Wealth Global Creator FoF D 6.56 11.50 4.91 4.67 7.37 - PSG Wealth Global Preserver FoF (USD) D 1.94 7.41 3.79 3.50 3.74 4.08 PSG Wealth Global Flexible FoF (USD) D 6.47 11.93 6.33 4.77 7.16 7.29 PSG Wealth Solutions ( ) PSG Wealth Global Preserver FoF (GBP) D 4.88 18.40 10.17 10.09 8.10 8.46 PSG Wealth Global Flexible FoF (GBP) D 10.61 26.42 13.52 14.13 11.59 12.14
PSG Asset Management ($) PSG Global Flexible USD A 11.41 19.81 4.50 2.80 5.65 - PSG Global Equity USD 13.56 23.78 4.11 2.20 6.02 6.49. Local Equity Portfolios Anglo American PLC 301,707 214.80 3.77 5.62 Aspen Pharmacare Holdings Ltd 128,227 281.20 1.38 2.63 Barclays Africa Group Ltd 117,264 138.50 0.04-6.06 BHP Billiton PLC 1,178,442 221.41 5.23 2.00 Cie Financiere Richemont SA DR 604,404 107.05 0.83 10.81 Hudaco Industries Ltd 4,484 141.70 1.21 2.13 Jse Ltd 10,715 123.34-1.52-11.68 MTN Group Ltd 221,915 121.75-1.66 1.59 Naspers Ltd Class N 1,039,206 2,428.64 1.84 15.45 Old Mutual PLC 160,372 32.53-2.60-9.59 Reinet Investments SCA DR 60,546 30.90 2.90 10.95 Remgro Ltd 186,112 202.73-1.44-8.76 Sasol Ltd 269,346 411.70 1.61 11.96 Standard Bank Group Ltd 219,062 138.75-2.75-9.11 Steinhoff International Holdings NV 287,368 67.75 4.88 3.36 Super Group Ltd 12,396 35.54-1.74-1.06 Tiger Brands Ltd 70,316 386.90-2.30-8.32 Truworths International Ltd 35,315 82.30-0.96-4.23 Tsogo Sun Holdings Ltd 26,481 27.66-0.32-1.11 Wilson Bayly Holmes-Ovcon Ltd 8,257 150.50-3.53 2.38 Woolworths Holdings Ltd 66,373 69.09-2.18-2.24 Local Property Equity Portfolio PSG Wealth SA Equity Portfolio PSG Wealth SA Property Equity Portfolio Arrowhead Properties Ltd Class A 8,977 8.75-0.68-1.28 Attacq Ltd 11,910 16.95-0.24-4.67 Capital & Counties Properties PLC 43,025 50.85 2.62 8.68 Emira Property Ltd 6,822 13.74-1.65-3.48 Fortress Income Ltd Class A 36,232 16.23-1.34-2.71 Fortress Income Ltd Class B 74,095 33.19-0.42-3.34 Growthpoint Properties Ltd 70,751 25.25-1.52-2.57 Hammerson PLC 78,756 99.29 2.84 5.19 Hyprop Investments Ltd 29,779 120.06-2.32-3.41 Intu Properties PLC 65,597 48.41 2.48 6.94 Investec Property Ltd 10,959 15.65 0.06-2.13 New Europe Property Investments PLC 46,567 144.85 0.77-0.79 Redefine Properties Ltd 46,650 10.75-2.36-1.65 Resilient REIT Ltd 46,486 115.85-0.56-2.20 Rockcastle Global Real Estate Co Ltd 30,871 32.65 2.03-1.17 SA Corporate Real Estate 13,023 5.39-0.19-0.96 Vukile Property Ltd 12,956 18.76-1.68-1.52
Local Dividend Income Equity Portfolio Barclays Africa Group Ltd 117,264 138.50 0.04-6.06 British American Tobacco PLC 1,558,788 916.00 3.41 12.23 Cie Financiere Richemont SA DR 604,404 107.05 0.83 10.81 Exxaro Resources Ltd 44,897 126.39 3.70 10.92 Firstrand Ltd 253,920 45.27-0.94-10.00 Imperial Holdings Ltd 30,827 156.80-2.61-9.89 Liberty Holdings Ltd 27,502 101.02-2.49-5.25 Mondi Ltd 162,097 333.84 1.18 8.14 Mr Price Group Ltd 40,165 151.60-1.63-10.91 MTN Group Ltd 221,915 121.75-1.66 1.59 Nedbank Group Ltd 109,494 228.88-2.85-12.10 Netcare Ltd 34,714 25.60-2.10-16.80 Old Mutual PLC 160,372 32.53-2.60-9.59 Reunert Ltd 12,960 70.60-1.30-1.05 Sanlam Ltd 126,195 63.00-2.77-4.12 Sasol Ltd 269,346 411.70 1.61 11.96 Sibanye Gold Ltd 30,824 33.18 3.02 34.26 Tiger Brands Ltd 70,316 386.90-2.30-8.32 Truworths International Ltd 35,315 82.30-0.96-4.23 Woolworths Holdings Ltd 66,373 69.09-2.18-2.24 Local Managed Volatility Portfolio PSG Wealth SA Dividend Income Equity Portfolio PSG Wealth Managed Volatility Equity Portfolio AECI Ltd 12,584 114.00 1.65 6.51 Aspen Pharmacare Holdings Ltd 128,227 281.20 1.38 2.63 Cashbuild Ltd 8,454 364.00-1.65-2.02 Cie Financiere Richemont SA DR 604,404 107.05 0.83 10.81 Italtile Ltd 12,218 13.02-2.47-6.93 Jse Ltd 10,715 123.34-1.52-11.68 Liberty Holdings Ltd 27,502 101.02-2.49-5.25 Mondi PLC 122,662 334.01 1.20 8.35 Netcare Ltd 34,714 25.60-2.10-16.80 Reinet Investments SCA DR 60,546 30.90 2.90 10.95 Reunert Ltd 12,960 70.60-1.30-1.05 Santam Ltd 26,870 244.00-1.92 1.65 Sun International Ltd 7,201 73.50-4.52-15.52 Super Group Ltd 12,396 35.54-1.74-1.06 Tiger Brands Ltd 70,316 386.90-2.30-8.32 Tsogo Sun Holdings Ltd 26,481 27.66-0.32-1.11 Wilson Bayly Holmes-Ovcon Ltd 8,257 150.50-3.53 2.38
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 574,854 831.41-0.38 0.28 Berkshire Hathaway Inc B 409,038 165.83-0.62-5.61 Heineken NV 48,700 80.17 0.21 2.51 ishares US Technology 3,277 134.41-0.41 1.14 Johnson & Johnson 338,319 124.80 0.10 0.82 JPMorgan Chase & Co 307,868 86.19-1.28-6.58 Mastercard Inc A 120,802 112.07 0.18 0.49 Microsoft Corp 506,617 65.56-0.26 2.04 Nestle SA 236,050 76.50-0.33 2.48 Pfizer Inc 203,606 34.19-0.44-0.96 Roche Holding AG 218,710 257.75 0.29 2.19 Vodafone Group PLC 68,445 2.07 0.00 2.15 Volkswagen AG 73,439 137.39-0.66-6.87 Yum Brands Inc 22,600 63.87 0.05-1.78 Yum China Holdings Inc 10,830 28.18 0.79 6.30 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.