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Johannesburg – Local equities were the best performing asset class in October, recording a total return of 3.55%, Catalyst Fund Managers said in its monthly report.
This performance was driven by speculation over the timing, size and impact of new quantitative easing measures by the US Federal Reserve.
The US central bank has since pumped US$600bn into the economy through quantitative easing and committing to hold interest rates near zero.
The SA listed property fund was the second best at 1.38%, with bonds registering 1.00% in third place followed by cash at 0.50%.
Catalyst noted however that the listed property sector is the best performing asset class in the year to date at 27.41%, having recorded 29.90% over the past 12 months.
Fortress-B (FFB), Octodec Investments (OCT) Premium Properties (PMM) Vukile Property Fund (VKE) and Growthpoint Properties (GRT) in the descending order contributed the most in the October data.
