28 FEBRUARY 2017
DAILY INVESTMENT UPDATE United States On Monday, US stocks edged up, with the Dow Jones closing at a record high for a 12th straight session, after Trump said he would talk about his plans for ‘big’ infrastructure spending in his first major policy address to Congress on Tuesday. The Dow closed up 0.11%, the S&P 500 by 0.12% and the Nasdaq by 0.17%.
Hong Kong
Europe Britain's top share index closed slightly higher on Monday, helped by earnings updates and a weak sterling. The sterling fell after talks of another possible Scottish independence vote added to fears about Britain's future as it prepares to leave the European Union. The FTSE rose by 0.13%.
Asian shares edged up on Tuesday, on track for a winning month and bolstered by gains on Wall Street as investors awaited a speech by US President Donald Trump for signals on tax reform and infrastructure spending. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2%.
Local
Japan
The JSE closed weaker on Monday after a subdued trading session. Investors were worrying on the eve of Trump’s congressional address about whether he can deliver on his promises for tax reform and economic growth. The all share closed 0.22% lower.
Japan's Nikkei stock index got a tailwind from a weaker yen and rose 0.8% this morning, on track to gain more than 1% for February and 0.7% for the year to date.
Rand
Precious Metals
Oil
The rand broke through the R12.90/$ again on positive emergingmarket sentiment yesterday and dollar weakness. The platinum price which rose more than 1% also boosted the currency. This morning a dollar would cost you R12.97.
Spot gold edged up slightly to $1 253.06 an ounce, but remained shy of a three and a half month peak scaled on Monday as investors awaited Trump's speech.
Crude oil prices were largely steady, as expectations of higher US crude production offset reports of high compliance with OPEC's production cut agreement. Brent crude added 0.3% to $56.10 a barrel.
FEBRUARY 2017 2016
Economic Calendar Local
International
ZA: Private Sector Credit YoY JAN ZA: M3 Money Supply YoY JAN ZA: Balance of Trade JAN
US: GDP Price Index QoQ 2nd Est Q4 US: CB Consumer Confidence FEB US: Donald Trump congressional address
Source: Reuters, Business Day, Trading Economics
Daily Indicators Local Markets (R) Index
Current Level
1 Day Move
51,497.16
-0.22
-2.02
1.87
-2.65
7.02
ALSI Gold Mining
1 Week Move 3 Month Move 6 Month Move
1 Year Move
1,360.28
-2.85
-6.22
-5.08
-45.95
-33.23
Basic Minerals
22,848.33
0.10
-4.85
-4.69
-0.72
20.99
Industrials
74,625.44
-0.14
-1.35
4.04
-5.40
1.65
Financials
41,274.46
-0.66
-0.83
3.61
2.38
9.96
7,518.79
-0.31
-1.18
3.90
-3.15
4.06
International Markets (Base currency) Index Current Level
1 Day Move
Financials & Industrials
Dow Jones (USD)
1 Week Move 3 Month Move 6 Month Move
1 Year Move
20,837.44
0.11
1.10
9.54
14.75
28.53
S&P 500 (USD)
2,369.75
0.12
0.85
7.66
10.45
24.29
NASDAQ (USD)
5,861.02
0.17
0.13
8.94
12.68
30.26
FT-100 (GBP)
7,253.00
0.13
-0.29
6.96
7.80
23.99
Hang Seng (HKD)
23,925.05
-0.17
-0.66
5.70
5.59
28.79
Nikkei 225 (JPY)
19,107.47
-0.91
-0.69
4.17
17.95
20.33
Paris CAC (EUR)
4,845.18
-0.00
-0.41
6.70
9.51
15.23
11,822.67
0.16
-0.04
10.50
11.66
24.28
Current Level
1 Day Move
Gold ($)
1,256.25
0.07
1.69
5.79
-5.18
2.05
Platinum ($)
1,015.00
2.01
0.10
10.69
-8.14
8.44
Brent Oil ($)
55.93
-0.11
-0.45
18.40
12.04
59.34
Rand/USD
12.97
-0.13
0.66
6.93
11.77
19.60
Rand/GBP
16.14
-0.23
0.67
7.18
16.31
27.78
13.74
-0.41
0.55
7.22
16.14
22.19
546.84
-0.07
0.28
4.57
5.49
13.41
Frankfurt (EUR) Other Markets Index
Rand/EUR ALBI (R)
1 Week Move 3 Month Move 6 Month Move
1 Year Move
**Some data may be delayed, the above table reflects the latest available information from Morningstar. *Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month
PSG Wealth Equity Portfolios Portfolio PSG Wealth SA Equity Portfolio
1 Month Move 3 Month Move 6 Month Move 1 Year Move Since Inception -2.94
1.40
PSG Wealth Offshore Equity Portfolio (USD)
3.17
PSG Wealth SA Property Equity Portfolio
0.54
PSG Wealth SA Dividend Income Equity Portfolio
-0.61
PSG Wealth Managed Volatility Equity Portfolio
-0.35
* 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 Funds are exclusively available through registered PSG planners and/or advisors
FEBRUARY 2017
0.42
11.83
11.95
7.40
3.93
14.72
12.61
6.03
-1.97
0.47
-6.60
4.53
3.29
N/A
0.08
1.64
-0.51
N/A
0.25
Local funds Performance data on local funds* is shown up to the last market close minus 1 day.
PSG Wealth Solutions Fund 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
6 Month Move 1 Year Move 2 Year Move 3 Year Move 4 Year Move 5 Year Move 4.05 8.19 7.55 7.09 6.71 6.49 4.14 9.58 8.14 8.44 7.63 7.99 1.57 7.26 6.44 8.08 9.19 10.38 0.60 8.90 5.04 7.81 10.66 12.15 1.20 15.21 2.33 6.32 10.64 12.02 -5.73 -6.07 5.23 6.72 13.90 16.28 -3.61 -1.48 9.83 10.95 -
**Some data may be delayed, the above table reflects the latest available information. *Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month
PSG Asset Management Fund 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
6 Month Move 1 Year Move 2 Year Move 3 Year Move 4 Year Move 5 Year Move 3.79 7.48 6.99 6.65 6.24 6.04 4.41 8.76 7.69 7.39 6.73 6.41 4.52 8.91 8.06 7.71 7.67 8.00 4.97 11.43 7.71 7.99 9.13 9.92 6.95 16.53 7.79 9.49 12.69 13.28 8.13 20.85 9.90 11.02 15.37 15.26 12.91 35.64 4.52 8.08 13.04 31.15 6.86 9.30 15.59 17.07 2.95 7.87 9.19 9.15 5.21 12.52 8.39 8.47 16.03 17.00
**Some data may be delayed, the above table reflects the latest available information. *Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month
PSG Wealth Solutions: 1 Year Move
PSG Asset Management funds: 1 Year Move
20.00
PSG Global Equity FF A
PSG Global Flexible FF A
PSG Equity A
PSG SA Equity D
PSG Flexible
PSG Wealth Global Creator FF D
PSG Wealth Global Moderate F F D
PSG Wealth Creator FoF D
PSG Wealth Moderate F oF D
PSG Wealth Preserver FoF D
PSG Wealth Inc ome FoF D
PSG Wealth Enhanced Interest D
0.00
PSG Balanced A
4.00
PSG Stable A
8.00
PSG Diversified Income
12.00
PSG Income A
16.00
PSG Money Market A
40.00 36.00 32.00 28.00 24.00 20.00 16.00 12.00 8.00 4.00 0.00
Offshore funds Performance data on offshore funds* is shown up to the last market close minus 1 day
PSG Wealth Solutions ($) Fund PSG Wealth Global Moderate FoF D PSG Wealth Global Creator FoF D
6 Month Move 1 Year Move 2 Year Move 3 Year Move 4 Year Move 5 Year Move 2.58 13.03 -0.63 0.73 3.40 4.28 4.85 19.09 3.80 4.81 7.75 -
**Some data may be delayed, the above table reflects the latest available information. *Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month
PSG Asset Management ($) Fund PSG Global Flexible USD A PSG Global Equity USD
6 Month Move 1 Year Move 2 Year Move 3 Year Move 4 Year Move 5 Year Move 13.03 31.34 3.43 3.60 5.59 15.46 36.14 2.60 3.05 6.17 6.15
**Some data may be delayed, the above table reflects the latest available information. *Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month
FEBRUARY 2017
PSG Wealth Solutions ($) (Weekly Priced) Fund
6 Month Move 1 Year Move 2 Year Move 3 Year Move 4 Year Move 5 Year Move
PSG Wealth Global Preserver FoF (USD) D
1.78
13.96
3.95
4.03
4.03
4.22
PSG Wealth Global Flexible FoF (USD) D
4.87
19.69
5.56
5.37
7.24
7.37
PSG Wealth Solutions (£) (Weekly Priced) Fund
6 Month Move 1 Year Move 2 Year Move 3 Year Move 4 Year Move 5 Year Move
PSG Wealth Global Preserver FoF (GBP) D
4.82
23.90
11.12
10.57
8.44
8.36
PSG Wealth Global Flexible FoF (GBP) D
8.99
33.67
14.52
14.93
11.89
11.72
**Some data may be delayed, the above table reflects the latest available information. *Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month
Local Equity Portfolios PSG Wealth SA Equity Portfolio Share name Anglo American PLC Aspen Pharmacare Holdings Ltd Barclays Africa Group Ltd BHP Billiton PLC Bidvest Group Ltd Cie Financiere Richemont SA DR Hudaco Industries Ltd Imperial Holdings Ltd Jse Ltd MTN Group Ltd Naspers Ltd Class N Old Mutual PLC Reinet Investments SCA DR Remgro Ltd Sasol Ltd Standard Bank Group Ltd Steinhoff International Holdings NV Tiger Brands Ltd Truworths International Ltd Tsogo Sun Holdings Ltd Woolworths Holdings Ltd
Market Cap (R mil) Current Price (R) 286,226 204.12 131,030 287.44 131,065 154.80 1,128,464 212.02 54,329 163.31 538,064 95.30 4,399 139.01 33,351 169.64 14,144 162.80 218,270 119.75 912,711 2,133.02 172,943 35.08 54,492 27.81 189,936 225.20 245,336 375.00 226,957 143.75 300,729 70.90 76,514 421.00 38,018 88.60 26,462 27.64 66,959 69.70
1 Day Return 1.00 0.33 -0.90 0.01 -1.02 -0.57 0.01 1.47 -1.13 0.80 -0.50 -0.65 -1.56 -0.54 1.24 -0.04 2.40 0.24 -0.23 0.33 0.61
1 Month Return -11.40 -7.28 -0.77 -14.06 -0.40 -8.21 21.41 0.68 0.68 -6.77 0.14 -2.23 -3.10 -0.98 -7.18 -1.38 5.01 1.94 6.58 4.22 -5.80
1 Day Return 0.00 -2.78 0.55 -0.28 -0.67 0.18 -2.31 -0.06 0.61 -1.06 0.28 0.39 -1.73 -0.42
1 Month Return 0.67 0.67 0.75 1.75 1.67 3.52 2.18 2.25 -3.81 0.18 1.94 -3.12 0.53 0.27
Local Property Equity Portfolio PSG Wealth SA Property Equity Portfolio Share name Arrowhead Properties Ltd Class A Capital & Counties Properties PLC Emira Property Fund Ltd Fortress Income Fund Ltd Class B Growthpoint Properties Ltd Hyprop Investments Ltd Intu Properties PLC Investec Property Fund Ltd New Europe Property Investments PLC Redefine Properties Ltd Resilient REIT Ltd Rockcastle Global Real Estate Co Ltd SA Corporate Real Estate Fund Vukile Property Fund Ltd
FEBRUARY 2017
Market Cap (R mil) Current Price (R) 9,192 8.96 39,666 46.88 7,299 14.70 79,251 35.50 73,737 26.74 30,166 124.22 62,928 46.44 11,134 15.90 48,448 150.70 48,472 11.17 48,272 120.30 31,419 33.23 12,984 5.68 12,950 18.75
Local Dividend Income Equity Portfolio PSG Wealth SA Dividend Income Equity Portfolio Share name Barclays Africa Group Ltd BHP Billiton PLC British American Tobacco PLC Coronation Fund Managers Ltd Firstrand Ltd Foschini Group Ltd Imperial Holdings Ltd Investec PLC Liberty Holdings Ltd MMI Holdings Ltd MTN Group Ltd Nampak Ltd Nedbank Group Ltd PPC Ltd Reunert Ltd Sasol Ltd Sibanye Gold Ltd Sun International Ltd Truworths International Ltd Tsogo Sun Holdings Ltd
Market Cap (R mil) Current Price (R) 131,065 154.80 1,128,464 212.02 1,512,268 811.14 23,744 67.88 282,047 50.30 33,684 165.80 33,351 169.64 60,395 91.91 32,630 114.01 38,728 24.81 218,270 119.75 10,750 16.80 116,944 244.50 10,133 6.59 12,882 70.18 245,336 375.00 25,441 27.77 8,319 84.91 38,018 88.60 26,462 27.64
1 Day Return -0.90 0.01 -0.73 -0.61 -0.85 -0.09 1.47 -1.24 -1.29 -0.80 0.80 -0.06 0.00 -2.23 0.44 1.24 -2.90 -0.70 -0.23 0.33
1 Month Return -0.77 -14.06 -2.62 -0.25 -0.20 2.82 0.68 -5.34 3.73 -1.86 -6.77 -10.59 5.00 -4.08 2.99 -7.18 -3.24 -3.47 6.58 4.22
1 Day Return 0.00 0.33 -0.58 -0.57 3.26 -1.13 -1.29 -0.25 0.62 -1.56 0.44 -0.34 -0.29 0.24 0.33
1 Month Return 0.50 -7.28 8.99 -8.21 0.00 0.68 3.73 1.51 -0.15 -3.10 2.99 2.89 -6.62 1.94 4.22
Local Managed Volatility Portfolio Share name AECI Ltd Aspen Pharmacare Holdings Ltd Cashbuild Ltd Cie Financiere Richemont SA DR Italtile Ltd Jse Ltd Liberty Holdings Ltd Mondi PLC Netcare Ltd Reinet Investments SCA DR Reunert Ltd Santam Ltd Super Group Ltd Tiger Brands Ltd Tsogo Sun Holdings Ltd
FEBRUARY 2017
PSG Wealth Managed Volatility Equity Portfolio Market Cap (R mil) Current Price (R) 11,408 103.35 131,030 287.44 8,524 367.01 538,064 95.30 13,091 13.95 14,144 162.80 32,630 114.01 110,907 302.00 43,731 32.25 54,492 27.81 12,882 70.18 26,796 243.33 12,051 34.55 76,514 421.00 26,462 27.64
Offshore Equity Portfolio PSG Wealth Offshore Equity Portfolio Share name Alphabet Inc C Berkshire Hathaway Inc B Heineken NV iShares US Technology Johnson & Johnson JPMorgan Chase & Co Mastercard Inc A Microsoft Corp Nestle SA Pfizer Inc Roche Holding AG Unilever NV DR Vodafone Group PLC Volkswagen AG Yum Brands Inc
Market Cap Current Price (USD million) (Base Currency) 572,939 829.28 419,772 170.63 47,114 77.93 3,135 132.90 333,891 122.40 323,225 90.43 119,649 110.57 499,353 64.23 228,897 74.30 203,911 34.28 208,831 246.50 143,237 44.62 66,726 2.02 76,946 144.64 23,336 65.52
1 Day Return (USD) 0.08 0.24 0.69 0.04 -0.27 0.11 -0.39 -0.60 -0.16 0.06 -0.70 0.73 -0.86 -1.36 -0.65
1 Month Return (USD) 0.73 3.79 10.00 4.11 8.66 4.03 0.66 -1.76 0.82 10.12 1.95 17.24 3.55 -6.21 -0.58
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.
FEBRUARY 2017
