A note on equity returns for South African investors
| dc.contributor.author | Mare, Eben | |
| dc.contributor.email | eben.mare@up.ac.za | en_ZA |
| dc.date.accessioned | 2019-03-14T08:12:21Z | |
| dc.date.available | 2019-03-14T08:12:21Z | |
| dc.date.issued | 2018-07-30 | |
| dc.description.abstract | On a historical basis, South African equity markets have outperformed inflation significantly. Using returns from the 2016 version of the Credit Suisse Global Investment Sourcebook1, I observe that over the period 1900 to 2015, the annualised real return (i.e. returns adjusted for inflation) for South African equities was 7.3% compared to 1.8% for bonds and 1.0% for shorter-term bills. I compare these returns with US annual real returns of 6.4% for equities, 2.0% for bonds, and 0.8% for bills over the same period. | en_ZA |
| dc.description.department | Mathematics and Applied Mathematics | en_ZA |
| dc.description.librarian | am2019 | en_ZA |
| dc.description.uri | http://www.sajs.co.za | en_ZA |
| dc.identifier.citation | Maré E. A note on equity returns for South African investors. South African Journal of Science 2018;114(7/8), Art. #a0276, 2 pages. http://dx.DOI.org/ 10.17159/sajs.2018/a0276. | en_ZA |
| dc.identifier.issn | 0038-2353 (print) | |
| dc.identifier.issn | 1996-7489 (online) | |
| dc.identifier.other | 10.17159/sajs.2018/a0276 | |
| dc.identifier.uri | http://hdl.handle.net/2263/68658 | |
| dc.language.iso | en | en_ZA |
| dc.publisher | Academy of Science of South Africa | en_ZA |
| dc.rights | © 2018. The Author(s). Published under a Creative Commons Attribution Licence. | en_ZA |
| dc.subject | Equities | en_ZA |
| dc.subject | Earnings | en_ZA |
| dc.subject | Volatility | en_ZA |
| dc.subject | Risk | en_ZA |
| dc.subject | Real return | en_ZA |
| dc.subject | Risk adjusted returns | en_ZA |
| dc.subject | South African investors | en_ZA |
| dc.title | A note on equity returns for South African investors | en_ZA |
| dc.type | Article | en_ZA |