Perspectives April 2016
March, better late than never March was a good month for equities, with the JSE All Share returning 5.7%, bringing the year to date return in at 3.1%, mostly following major global markets. The performance catalysts can be traced to several market-moving events, with the most notable being the US Fed’s policy statement and the European Central Bank’s rate cut in March. At its second meeting held on the 16th of March the US Fed decided to keep interest rates unchanged at 0.5%,