Analysis of Offshore Returns |
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FSB-approved offshore unit trusts - 31 December 2008
As a result of a weakening in the rand relative to most foreign currencies the offshore fixed-interest funds on average delivered exceptional results for South Africans investing abroad. The best-performing category over three months was US - Fixed Interest - Bond with 12,37% with UK - Equity - General the worst-performing category over three months with -17,59%.
European - Fixed Interest - Money Market was the best-performing category for the 12 months to the end of December 2008 with a total return of 38,23%, with USA - Fixed Interest - Money Market second with 36,82%. The worst-performing category over 12 months was Far East - Equity - General with returns of -32,57%.
Over three years the money-market funds topped the charts, with Europe - Fixed Interest - Money Market leading with returns of 24,14% per annum for the period. This category also leads the charts over five years with 11,87%.
Over three months the top-performing funds were all bond funds, with GinsGlobal Global Bond Index Fund delivering the best performance with 22,26%. This fund also topped the charts over 12 months with a return of 51,15%. Liberty Ermitage Institutional Money Market Fund – Euro was the best over three years with 25,17% per annum and Templeton Latin America Fund was the top performer over five years with returns of 24,54% per annum.
The best and worst performers over various other measurement periods are shown in the accompanying table and graphs.
