The Weekly Focus - STANLIB

Focus The Weekly A Market and Economic Update 5 February 2018 Contents Newsflash ..3 Market Comment .. 3 Other Commentators .. 5 Economic Update ..7 Rates .. 12 STANLIB Money Market 12 STANLIB Enhanced Yield Fund .. 12 STANLIB Income Fund .. 12 STANLIB Extra Income Fund .. 12 STANLIB Flexible Income Fund .. 12 STANLIB Multi-Manager Absolute Income Fund .. 12 Newsflash It appears that a global stock market correction may have begun. It is way overdue. It should present another buying opportunity. Market Comment OFFSHORE MARKETS As is usual, the US stock market may have started a global correction, the first correction since the MSCI World global index fell by from August to November 2016. Since the low in November 2016, the index gained a very impressive + in dollars by 23rd January 2018, with barely any pullback in one of the most sustained uptrends in history.

LOCAL MARKETS The JSE All Share Index is down for the 6th consecutive day today and is -7.1% from its 25th January record high, so has already had a fairly substantial correction…back at October

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