13 DAILY INVESTMENT UPDATE United States Europe Hong Kong The S&P 500 and the Dow Jones ended Wednesday's session with small gains as expectations for timing on a rate hike were largely unchanged after US Federal Reserve minutes were released and investors waited on earnings reports. The Dow rose 0.09%, the S&P 500 gained 0.11% and the Nasdaq dipped 0.15%. European stock markets fell slightly on Wednesday with Sweden's Ericsson slumping to eight-year lows after issuing a profit warning. The STOXX 600 index fell 0.5%. Hong Kong stocks fell to a six-week low on Thursday, as disappointing export data from China hit the already fragile sentiment amid rising profit-taking pressure and global policy uncertainty. Hong Kong's Hang Seng index dropped 1.5%. Local The JSE is likely to follow Asian stock markets down on Thursday. Hong Kong s Hang Seng index fell 1.5% after China s September exports showed an unexpected 10% drop in dollar terms from the previous year. Japan Japan's Nikkei gave up early gains and slipped on Thursday as the yen clawed back ground it had lost to the dollar, with sentiment further undercut by China's weak trade numbers. The Nikkei slipped 0.4%. Rand Precious Metals Oil The rand has yet to recover its value to the dollar, a day after fraud charges were brought against Finance Minister Pravin Gordhan. In late trade on Wednesday, the rand was at R14.4246 to the dollar, from R14.3653 on Tuesday. Gold prices rose on Thursday as the US dollar pared early gains and equities plunged on Chinese trade data that stoked concerns about the health of the world's number two economy. Spot gold was up 0.5% at $1 260.34 an ounce. Oil prices fell on Thursday after OPEC said its production had risen to the highest level in at least eight years and following reports of an increase in US crude stockpiles. International Brent crude oil futures were trading at $51.37 per barrel this morning.
Economic Calendar Local ZA: Mining Production AUG ZA: Gold Production AUG ZA: Manufacturing Production AUG International Japan: Foreign Bond Investment 0OCT China: Balance of Trade SEP US: Continuing Jobless Claims Source: Reuters, Business Day, Trading Economics Daily Indicators Local Markets (R) ALSI 51,548.13-0.66-0.60-0.82 0.39 0.35 Gold Mining 1,773.03-0.54-3.17-34.78-19.70 60.31 Basic Minerals 23,181.25-1.30 1.91 2.40 11.53 8.13 Industrials 75,788.29-0.50-0.73-1.85-1.58-0.33 Financials 39,534.99-0.41-2.57-1.18-3.57-6.42 Financials & Industrials 7,497.14-0.47-1.30-1.70-2.14-1.88 International Markets (Base currency) Dow Jones (USD) 18,144.20 0.09-0.75-0.48 3.75 8.77 S&P 500 (USD) 2,139.18 0.12-0.94-0.07 4.88 8.40 NASDAQ (USD) 5,239.68-1.54-0.81 5.49 9.23 9.99 FT-100 (GBP) 7,024.01-0.66-0.07 6.16 14.78 14.66 Hang Seng (HKD) 23,407.05-0.60-1.60 11.04 17.63 6.95 Nikkei 225 (JPY) 16,840.00-1.09 0.12 5.43 6.73-6.89 Paris CAC (EUR) 4,452.24-0.38-0.78 2.96 4.73-2.44 Frankfurt (EUR) 10,523.07-0.51-0.59 5.61 7.80 3.98 Other Markets Gold ($) 1,255.70-0.06-1.44-7.18-0.28 7.86 Platinum ($) 960.00-0.93-4.67-12.17-1.23-1.34 Brent Oil ($) 52.41-1.37 3.03 13.32 22.37-0.46 Rand/USD 14.31-0.15-4.18-0.11 1.40-5.84 Rand/GBP 17.38 0.70 0.29 9.09 15.36 15.76 Rand/EUR 15.74 0.29-2.36 0.91 3.77-2.20 ALBI (R) 524.45-1.64-2.43 0.19 6.37 4.05 **Some data may be delayed, the above table reflects the latest available information from Morningstar. Equity Portfolios Portfolio SA Equity Portfolio Offshore Equity Portfolio (USD) SA Property Equity Portfolio SA Dividend Income Equity Portfolio Managed Volatility Equity Portfolio * Portfolio performance is reported net of management fees of 1.71% pa (local) and 2.28% pa (offshore) * SA and Offshore Equity Portfolio Inception date: 30 August 2015 * SA Listed Property Portfolio Inception date: 1 December 2015 * Dividend Income Equity Portfolio Inception date: 29 April 2016 * Managed Volatility Equity Portfolio Inception date: 28 July 2016 * Funds are exclusively available through registered PSG planners and/or advisors 1 Month Move 3 Month Move 6 Month Move 1 Year Move Since Inception 1.00 2.11 3.52 4.11 10.76-1.90-0.41 1.94 6.00 6.10-3.03-5.93-10.73 N/A -10.10 1.03 2.11 N/A N/A -3.89 0.55 N/A N/A N/A 0.79
Local funds Performance data on local funds* is shown up to the last market close minus 1 day. Solutions Enhanced Interest D 4.01 7.82 7.28 6.75 6.44 6.30 Income FoF D 4.69 8.34 8.39 7.95 7.58 7.99 Preserver FoF D 3.32 7.41 9.03 9.43 10.32 11.43 Moderate FoF D 2.83 5.69 8.87 9.98 12.42 13.82 Creator FoF D 3.89 2.84 6.23 8.78 12.69 13.98 Global Moderate FF D 0.83 9.60 12.95 14.00 18.43 19.63 Global Creator FF D 2.20 13.53 17.22 18.96 - - PSG Asset Management PSG Money Market A 3.66 7.13 6.78 6.36 6.01 5.88 PSG Income A 4.21 7.92 7.24 6.90 6.33 6.34 PSG Diversified Income 3.89 8.11 7.90 7.45 7.80 7.94 PSG Stable A 4.23 8.24 8.94 8.20 9.50 10.19 PSG Balanced A 5.04 8.23 10.61 10.56 13.28 13.79 PSG Flexible 5.51 10.58 12.25 12.26 15.84 15.63 PSG SA Equity D 10.64 4.33 6.76 - - - PSG Equity A 9.43 8.45 8.37 10.66 16.06 17.03 PSG Global Flexible FF A 5.27 14.33 13.66 14.05 - - PSG Global Equity FF A 6.91 14.27 12.02 13.36 17.96 16.81 Solutions: 1 Year Move 16.00 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 Enhanced Interest D Income FoF D Preserver FoF D Moderate FoF D Creator FoF D Global Moderate FF D Global Creator FF D PSG Asset Management funds: 1 Year Move 16.00 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 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 Solutions ($) Global Moderate FoF D 2.78 0.94 0.07 0.74 3.86 5.05 Global Creator FoF D 4.50 4.37 4.20 5.04 - - PSG Asset Management ($) PSG Global Flexible USD A 6.97 4.85 0.79 0.91 - - PSG Global Equity USD 8.40 4.44-0.30 0.46 4.80 5.02
Local Equity Portfolios SA Equity Portfolio Anglo American PLC 252,908 180.36-1.28 14.72 BHP Billiton PLC 1,141,025 214.38-2.15 13.50 Bid Corp Ltd 84,511 255.10-1.87-8.36 Bidvest Group Ltd 53,494 164.57 1.03 9.72 Capitec Bank Holdings Ltd 77,010 666.02 1.01 12.13 Cie Financiere Richemont SA DR 518,133 91.77 0.14 7.98 Imperial Holdings Ltd 31,480 162.10 0.06-0.19 Jse Ltd 13,634 156.93-1.20 0.08 Naspers Ltd Class N 1,000,953 2,302.59-1.27-5.90 Old Mutual PLC 168,005 34.08-1.70-5.74 Rand Merchant Investment Holdings Ltd 58,042 39.17 0.31-6.92 Reinet Investments SCA DR 55,647 28.40 0.64-10.27 Remgro Ltd 188,064 222.98-0.41-9.87 Sasol Ltd 266,271 407.00-0.76 12.23 Standard Bank Group Ltd 221,715 140.43 0.31 4.53 Steinhoff International Holdings NV 277,807 74.82-1.02-9.89 Truworths International Ltd 29,750 70.09 1.95-1.49 Tsogo Sun Holdings Ltd 30,273 31.62-0.82 3.60 Woolworths Holdings Ltd 74,647 77.75 0.97-1.22 SA Dividend Income Equity Portfolio Barclays Africa Group Ltd 128,039 151.19 0.46 2.38 BHP Billiton PLC 1,141,025 214.38-2.15 13.50 British American Tobacco PLC 1,568,591 841.36-1.76-6.74 Coronation Fund Managers Ltd 26,504 75.77 1.50 5.97 Firstrand Ltd 255,300 45.53 0.42 1.32 Foschini Group Ltd 26,919 132.50-0.26-4.70 Imperial Holdings Ltd 31,480 162.10 0.06-0.19 Investec PLC 55,632 84.75-1.25-3.69 Liberty Holdings Ltd 31,914 111.51-0.55-1.54 MMI Holdings Ltd 33,921 21.80-0.46-4.38 MTN Group Ltd 206,878 113.50-0.22-1.87 Nampak Ltd 12,331 19.30 3.21 1.58 Nedbank Group Ltd 104,604 218.70 0.96 3.38 PPC Ltd 3,081 5.83-5.82-10.45 Reunert Ltd 11,457 62.30 0.02 1.12 Sasol Ltd 266,271 407.00-0.76 12.23 Sibanye Gold Ltd 35,620 38.88 0.78-25.56 Sun International Ltd 8,954 85.99 0.35-5.08 Truworths International Ltd 29,750 70.09 1.95-1.49 Tsogo Sun Holdings Ltd 30,273 31.62-0.82 3.60
Local Listed Property Portfolio SA Property Equity Portfolio Arrowhead Properties Ltd Class A 8,445 8.50-1.16 4.04 Capital & Counties Properties PLC 39,563 46.77-0.99-13.71 Emira Property Fund Ltd 7,135 14.37-1.10 5.43 Fortress Income Fund Ltd Class B 67,740 31.85-2.03 0.92 Growthpoint Properties Ltd 66,355 24.55-0.41 1.36 Hyprop Investments Ltd 28,073 115.60-1.36-4.36 Intu Properties PLC 65,437 48.66-2.13-14.29 Investec Property Fund Ltd 6,641 14.86-4.13 0.88 New Europe Property Investments PLC 51,470 160.10-2.73 2.96 Redefine Properties Ltd 49,991 11.00-0.54 0.92 Resilient REIT Ltd 44,133 114.50-0.72 1.08 Rockcastle Global Real Estate Co Ltd 33,749 36.25 0.00 1.54 SA Corporate Real Estate Fund 12,207 5.34-1.11 0.44 Vukile Property Fund Ltd 11,664 18.01-0.61 1.29 Offshore Equity Portfolio Offshore Equity Portfolio Share name Market Cap (USD million) Current Price (Base Currency) 1 Day Return (USD) 1 Month Return (USD) Alphabet Inc C 540,293 786.14 0.39 2.23 Berkshire Hathaway Inc B 357,317 144.91 0.67-2.73 Heineken NV 48,627 77.51-1.55-1.07 ishares US Technology 2,767 118.26-0.03 2.09 Johnson & Johnson 322,751 117.97 0.28-1.00 JPMorgan Chase & Co 246,084 68.13-0.26 2.31 Mastercard Inc A 111,267 101.36 0.01 1.44 Microsoft Corp 445,031 57.11-0.14 0.11 Nestle SA 232,981 74.80-0.73-3.79 Pfizer Inc 200,591 33.07-0.18-4.56 Roche Holding AG 204,554 237.70-1.57-1.57 Unilever NV DR 135,694 40.74-0.07-0.05 Vodafone Group PLC 72,395 2.24-1.04 0.56 Volkswagen AG 73,092 132.40-0.10 0.92 Yum Brands Inc 32,641 88.94 0.78 0.32 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.