Posts by bonline

Market Update February 2016

A continued sell-off meant February was a mildly negative month for global markets. Despite being relatively flat, emerging markets outperformed their developed peers in what was an interesting month. With many of the emerging markets, including South Africa, being large exporters of commodities, the improvement in commodity prices was a key driver of this outperformance. This was particularly true on the local front as the US dollar price of Gold rallied as investors sought store-of-value assets in uncertain, volatile markets. This contributed to some spectacular returns in resource shares which saw the local equity index end the month in positive
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