The HedgeNews Africa South Africa Single-Manager Composite edged 0.11% higher in June as the South African equity market fell, and now sits a median 7.42% higher for the first six months.
The broader HedgeNews Africa Single-Manager Composite, which includes pan African and global mandates, dipped by 0.06% to 6.94% higher on the year.
By comparison, the FTSE/JSE All Share Index (TRI) declined by 2.43% for the month, while the MSCI World Index added 1.4% and the MSCI Frontiers Markets Africa Index gained 1.63%.
Fixed income funds were the top performing category in June, adding a median 0.74% as South Africa’s All Bond Index rose 1.09%.
Long/short equity funds limited market losses in June, dipping by a median 0.47% to sit 11.28% higher on the year, keeping pace with a 13.2% rise from the JSE All Share.
The market neutral & quantitative category added a median 0.29% in June to sit 3.99% higher on the year, while multi-strategy funds were flat for the month, with a median return of 0.19% to sit 7.3% ahead on the year.
Pan African equity mandates struggled to post positive numbers in June, while Africa fixed income funds continued to make progress, with the Pan-Africa/AME Median flat for the month to post first-half gains of a median 4.23%. Copyright. HedgeNews Africa- July 2021.
|South African Medians||June-21||YTD||June-21||YTD|
|Market Neutral & Quantitative Strategies||0.29%||3.99%||0.21%||4.05%|
|Single Manager Multi-Strategy||0.19%||7.30%||0.99%||10.97%|
|Event Driven (credit)||0.58%||3.63%||0.58%||3.63%|
|Pan-Africa / AME||-0.31%||4.23%||-0.54%||9.15%|
|SA Single-Manager Composite||0.11%||7.42%||0.13%||9.24%|
|HedgeNews Africa Single-Manager Composite||0.06%||6.94%||-0.12%||9.99%|