WM Market Update – April 2016
Global – Slowing economic growth?
Global markets experienced less volatility during the month of April against the backdrop of a weaker U.S. Dollar, higher oil prices and a significant rally in commodity prices. The MSCI World Index outperformed emerging markets returning 1.38% in Dollar terms with the MSCI Emerging Markets Index returning 0.40%.
Domestic – Stay the course
Emerging markets generated positive returns in April against the global background of a weaker U.S. Dollar, a rally in commodity prices and a higher oil price. The turnaround in the JSE/ALSI was propelled largely by the stellar performance of the resources sector and returned 1.70%. Volatility eased over the month with the ALSI’s 30 day volatility indicator down to 13.07 from the previous 17.58. Not unexpectedly the RESI20 was the best performing Index returning 13.19%. The INDI25 lost 1.32% while the FINI15 was down 1.26%.
