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Asian shares rise ahead of signing phase 1 deal

14 January 2020

Asian shares rise ahead of signing phase 1 deal

Daily Investment Update

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Market commentary

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South Africa

The JSE ended Monday slightly firmer, with investor attention fixed on the White House this week. The JSE closed up 0.15%.

US flag Icon
United States

The US and China are expected to sign the phase-one trade deal on Wednesday. This step should boost global risk sentiment and support not only stock markets but emerging-market assets. At 20h00 the Nasdaq was trading up by 0.81%.

EU flag Icon
Europe

European shares were largely unchanged on Monday as a weakness in automobile stocks countered a boost from the expected signing of an interim US-China trade deal expected this week. The benchmark European STOXX 600 index closed down 0.07%.

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Hong Kong

Hong Kong stocks closed high on Monday as optimism ahead of the signing of the phase 1 trade deal between the United States and China this week buoyed sentiment. The Hang Seng index rose 1.11%.

Japan flag Icon
Japan

Japan’s Nikkei was closed for a holiday on Monday.

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Rand

The rand weakened steadily throughout Monday, as local factors such as the country’s poor economic outlook and problems at state power utility Eskom pushed it to its third consecutive day of losses. At 17h30, the rand had weakened 0.82% to R14.45/$.

Precious metals Icon
Precious metals

Gold prices fell 1% on Monday as optimism in equity markets ahead of the signing of an interim US-China trade deal and lack of further escalation in Middle East tensions diminished bullion’s safe-haven appeal.

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Oil

Oil prices rose slightly on Monday as investors shifted their focus away from easing Mideast tensions to this week's scheduled signing of an initial US-China trade deal which could boost economic growth and demand. A barrel of Brent crude traded at $65.14 at 20h00.


Market indicators

Local markets (R)
Index Current level 1 Day move 1 Month move 3 Month move 6 Month move 1 Year move
ALSI 57 572.72 0.15 1.54 3.99 2.35 11.03
Gold mining 2 756.95 - 0.17 6.19 15.73 39.88 100.35
Basic minerals 35 845.05 0.67 0.89 10.86 11.89 29.27
Industrial index 76 928.95 0.34 4.74 3.51 0.07 9.40
Financial 38 502.58 - 0.84 - 3.14 - 2.86 - 4.38 - 3.94
Fin + Ind 30 7 500.67 - 0.08 1.84 1.19 - 1.43 4.70
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) 28 907.05 0.29 2.80 8.45 7.05 23.42
S&P 500 PR (USD) 3 288.13 0.70 3.89 11.23 10.17 29.21
NASDAQ (USD) 9 178.86 - 0.27 6.61 15.75 12.50 32.82
FT-100 (GBP) 7 617.60 0.39 3.70 5.78 3.59 15.23
Hang Seng (HKD) 28 954.94 1.11 4.58 10.23 2.81 12.53
Nikkei 225 (JPY) 23 850.57 0.47 2.05 10.86 11.86 20.81
MSCI World (USD) 6 999.29 0.45 3.04 9.95 8.80 24.43
Frankfurt (EUR) 5 999.99 - 0.24 1.27 7.51 9.16 23.55
Other markets
Index Current level 1 Day move 1 Month move 3 Month move 6 Month move 1 Year move
Gold ($) 1 550.35 0.10 5.42 3.47 10.30 19.92
Platinum ($) 968.00 - 0.51 3.20 7.32 17.48 17.62
Brent Oil ($) 64.98 - 0.60 0.99 9.95 - 3.03 5.35
Rand/USD 14.39 - 0.46 - 0.16 3.52 - 2.75 - 3.48
Rand/GBP 18.69 - 0.15 2.11 1.71 - 7.34 - 4.64
Rand/EUR 16.02 - 0.54 - 0.06 2.60 - 1.82 - 0.43
ALBI (R) 697.31 - 0.40 0.97 0.62 1.89 8.64
  1. Some data may be delayed, the above table reflects the latest available information
  2. 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


Economic calendar

Local International
  1. Consumer confidence Q4
  1. China: Balance of trade DEC
  2. US: Inflation rate DEC

Source: Reuters, Business Day, Trading Economics


PSG Product Matrix

Fund matrix

PSG Wealth Solutions
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Wealth Enhanced Interest D 3.82 7.91 7.95 8.00 8.03 7.78
PSG Wealth Income FoF D 3.41 8.04 7.54 7.91 8.28 8.04
PSG Wealth Preserver FoF D 2.69 7.64 4.42 5.93 6.11 6.64
PSG Wealth Moderate FoF D 3.07 9.32 2.69 5.43 6.15 6.19
PSG Wealth Creator FoF D 4.20 10.00 0.71 4.75 7.13 4.98
PSG Wealth Global Moderate FF D 7.49 16.92 9.83 7.86 3.91 8.39
PSG Wealth Global Creator FF D 11.42 31.16 16.63 15.80 10.12 -
PSG Wealth Solutions ($)
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Wealth Global Moderate FoF D 5.82 13.99 2.74 6.41 7.05 3.89
PSG Wealth Global Creator FoF D 10.04 27.87 9.09 14.31 13.47 9.94
PSG Wealth Global Preserver FoF (USD) D 3.11 9.18 3.22 4.61 6.13 4.33
PSG Wealth Global Flexible FoF (USD) D 7.06 18.22 6.75 11.92 11.80 8.84
PSG Wealth Solutions (£)
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Wealth Global Preserver FoF (GBP) D - 0.30 6.89 4.29 3.38 8.10 6.31
PSG Wealth Global Flexible FoF (GBP) D 2.57 15.79 8.01 9.20 13.75 10.91
PSG Asset Management
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Money Market A 3.52 7.23 7.27 7.36 7.37 7.19
PSG Income A 3.75 8.06 8.15 8.31 8.38 7.98
PSG Diversified Income 2.67 6.50 6.58 7.31 7.65 7.63
PSG Stable A 0.93 0.82 1.72 4.17 5.88 5.84
PSG Balanced A - 0.25 - 3.66 - 3.05 1.23 5.13 4.51
PSG Flexible A 0.06 - 3.02 - 3.13 1.11 6.23 5.40
PSG SA Equity D - 5.94 - 15.47 - 12.70 - 5.94 - -
PSG Equity A - 2.21 - 8.67 - 8.24 - 2.12 6.18 2.45
PSG Global Flexible FF A 3.15 3.37 1.43 3.25 4.33 -
PSG Global Equity FF A 3.39 3.24 0.36 3.81 5.44 6.32
PSG Asset Management ($)
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Global Flexible USD A 2.04 0.97 - 5.03 1.99 8.06 2.71
PSG Global Equity USD 2.15 0.74 - 5.94 2.53 9.10 2.62
PSG Direct Portfolios
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Direct Flexible Income 3.09 6.90 6.98 7.34 7.51 7.27
PSG Direct Low Equity 0.76 0.37 1.06 3.62 5.57 5.41
PSG Direct Managed - 0.40 - 3.94 - 3.51 0.74 4.93 4.26
PSG Direct Aggressive - 0.15 - 3.71 - 3.99 0.29 5.51 -
PSG Direct Global Managed 2.92 2.90 0.96 2.78 3.86 -
PSG Direct Global Aggressive 3.07 2.83 0.30 3.14 4.56 -
  1. The PSG Wealth Solutions are exclusively available through registered PSG planners and/or advisers
  2. The above information reflects the latest available data at time of distribution, as such product performance data reflects T-2 numbers
  3. 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
  4. The PSG Best Ideas Portfolios were renamed to the PSG Direct Portfolios in February 2018

Equity portfolio matrix

PSG Wealth House View Portfolios
Portfolio 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Wealth SA Equity Portfolio - 2.00 - 4.49 - 4.14 0.20 5.18 -
PSG Wealth SA Property Equity Portfolio - 4.45 - 5.14 - 9.77 - 4.85 - 3.19 -
PSG Wealth SA Dividend Income Equity Portfolio - 4.31 - 6.43 - 5.33 0.95 - -
PSG Wealth Offshore Equity Portfolio (USD) 9.35 23.24 9.43 16.49 15.48 -
PSG Wealth Managed Volatility Equity Portfolio - 2.08 - 6.54 - 7.88 - 3.16 - -
  1. The PSG Wealth equity portfolios are exclusively available through registered PSG planners and/or advisers
  2. PSG Wealth equity portfolio performance are shown gross of management fees, but net of brokerage and other trading costs
  3. PSG Wealth SA and Offshore Equity Portfolio Inception date: 30 August 2015
  4. PSG Wealth SA Listed Property Portfolio Inception date: 1 December 2015
  5. PSG Wealth Dividend Income Equity Portfolio Inception date: 29 April 2016
  6. PSG Wealth Managed Volatility Equity Portfolio Inception date: 28 July 2016
  7. PSG Wealth Funds are exclusively available through registered PSG planners and/or advisers


Recent Investment Ideas

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Highlights

  • Our recommendation for PFE US is overweight; click here to read the full report on our secure site.
  • The group has been able to protect its gross profit margins despite the challenging trading environment because of its scale and defensive nature.
  • We believe Pfizer is a high-quality company with a high ROE and an attractive and sustainable operating margin.


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Highlights

  • Our recommendation for MCG SJ is overweight; click here to read the full report on our secure site.
  • Having only listed on the JSE in February 2019, MultiChoice has already seen its shares grow by approximately 17% to R125.
  • At these levels, and trading at a forward P/E of 15 times, we believe that MultiChoice is still undervalued and is well-positioned to benefit from mass-market growth in both South and Southern Africa.


company logo

Highlights

  • Our recommendation for SOL SJ is underweight; click here to read the full report on our secure site.
  • Sasol is currently facing an increased risk profile through the decline in chemical product prices, a severely constrained balance sheet and slowing global economic backdrop.
  • The group’s chemicals business is also facing growing competition from additional ethylene capacity/supply into the market.


  1. This document only contains general information and not the opinion of the distributor.

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Author
author

Adriaan Pask PhD

Chief Investment Officer


At PSG Wealth
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