Tag: monthly

Monthly Recap: April in Paris

Equities

Major
DAX(DEU) +1.02%
CAC(FRA) +2.83%
UKX(GBR) -1.62%
NKY(JPN) +1.98%
SPX(USA) +0.82%
MINTs
JCI(IDN) +2.10%
INMEX(MEX) +1.49%
NGSEINDX(NGA) +0.98%
XU030(TUR) +7.02%
BRICS
IBOV(BRA) -0.01%
SHCOMP(CHN) -2.11%
NIFTY(IND) +1.42%
INDEXCF(RUS) +1.04%
TOP40(ZAF) +4.22%

Commodities

Energy
Brent Crude Oil -1.74%
Ethanol -2.63%
WTI Crude Oil -2.99%
RBOB Gasoline -9.46%
Heating Oil -4.41%
Natural Gas +2.79%
Metals
Platinum -0.92%
Copper -2.26%
Silver 5000oz -5.52%
Palladium +3.04%
Gold 100oz +1.11%

Currencies

USDEUR:-1.89% USDJPY:+0.36%

MINTs
USDIDR(IDN) +0.05%
USDMXN(MEX) +0.55%
USDNGN(NGA) -1.51%
USDTRY(TUR) -2.06%
BRICS
USDBRL(BRA) +1.36%
USDCNY(CHN) +0.09%
USDINR(IND) -0.93%
USDRUB(RUS) +1.21%
USDZAR(ZAF) -0.66%
Agricultural
Coffee (Robusta) -10.25%
Feeder Cattle +11.81%
Lumber -0.68%
Sugar #11 -4.27%
Coffee (Arabica) -5.52%
Soybean Meal +1.17%
White Sugar -4.05%
Cattle +3.42%
Cotton +3.72%
Lean Hogs +2.18%
Wheat +0.18%
Cocoa -16.04%
Corn -0.75%
Orange Juice +2.10%
Soybeans +0.58%

International ETFs (USD)

Nifty Heatmap

Index Returns


More: Sector Dashboard

Market Cap Decile Performance


More: Equal-Weight Deciles, Cap-Weight Deciles

ETF Performance

CPSEETF +6.70%
INFRABEES +6.18%
JUNIORBEES +5.37%
BANKBEES +4.10%
PSUBNKBEES +3.35%
NIFTYBEES +1.24%
PSEs… because this time its different.

Yield Curve

Bond Indices

Sub Index Change in YTM Total Return(%)
0 5 +0.23 -0.11%
5 10 +0.16 -0.31%
10 15 +0.11 -0.40%
15 20 +0.06 +0.07%
20 30 +0.10 -0.45%
Bonds down in spite of increased FII flows…

Investment Theme Performance

Value themes out-performed momentum…

Equity Mutual Funds

Bond Mutual Funds

Institutional flows

Monthly Recap: March Madness

Equities

Major
DAX(DEU) +4.04%
CAC(FRA) +5.43%
UKX(GBR) +0.82%
NKY(JPN) -1.10%
SPX(USA) -0.05%
MINTs
JCI(IDN) +3.37%
INMEX(MEX) +3.82%
NGSEINDX(NGA) +0.74%
XU030(TUR) +1.50%
BRICS
IBOV(BRA) -2.52%
SHCOMP(CHN) -0.59%
NIFTY(IND) +3.31%
INDEXCF(RUS) -1.96%
TOP40(ZAF) +2.35%

Commodities

Energy
Natural Gas +15.44%
Ethanol +4.17%
RBOB Gasoline +14.79%
Brent Crude Oil -3.29%
Heating Oil -1.73%
WTI Crude Oil -4.69%
Metals
Copper -2.21%
Gold 100oz -0.60%
Palladium +3.44%
Platinum -7.47%
Silver 5000oz -1.63%

Currencies

USDEUR:-0.42% USDJPY:-0.52%

MINTs
USDIDR(IDN) -0.12%
USDMXN(MEX) -6.66%
USDNGN(NGA) -0.30%
USDTRY(TUR) +0.05%
BRICS
USDBRL(BRA) +0.37%
USDCNY(CHN) +0.29%
USDINR(IND) -2.76%
USDRUB(RUS) -3.70%
USDZAR(ZAF) +2.30%
Agricultural
Coffee (Arabica) -0.64%
Feeder Cattle +6.74%
White Sugar -10.37%
Cattle -5.08%
Cocoa +9.22%
Coffee (Robusta) +1.95%
Lean Hogs -3.74%
Orange Juice -6.15%
Soybean Meal -8.00%
Corn -2.08%
Cotton +3.13%
Lumber +2.24%
Sugar #11 -12.42%
Wheat -0.12%
Soybeans -8.83%

Nifty Heatmap

Index Returns


More: Sector Dashboard

Market Cap Decile Performance


More: Equal-Weight Deciles, Cap-Weight Deciles

ETF Performance

PSUBNKBEES +7.19%
BANKBEES +4.08%
NIFTYBEES +3.49%
JUNIORBEES +2.44%
INFRABEES +2.12%
CPSEETF +0.28%
GOLDBEES -3.30%
Can we just rename PSUBNKBEES and BADBNKBEES and be done with it?

Yield Curve

Bond Indices

Sub Index Change in YTM Total Return(%)
0 5 -0.01 +0.70%
5 10 -0.12 +1.54%
10 15 -0.16 +1.48%
15 20 -0.09 +1.55%
20 30 -0.10 +1.81%
Long bonds FTW!!!

Investment Theme Performance

Momentum, value… everything worked!

Equity Mutual Funds

Bond Mutual Funds

Institutional Flows

So hot right now…

Monthly Recap: Trumplandia

Equities

Major
DAX(DEU) +1.84%
CAC(FRA) -0.92%
UKX(GBR) -0.01%
NKY(JPN) +0.18%
SPX(USA) +1.97%
MINTs
JCI(IDN) +0.57%
INMEX(MEX) +4.07%
NGSEINDX(NGA) -3.61%
XU030(TUR) +11.21%
BRICS
IBOV(BRA) +8.73%
SHCOMP(CHN) +1.79%
NIFTY(IND) +6.48%
INDEXCF(RUS) -0.23%
TOP40(ZAF) +5.14%

Commodities

Energy
Heating Oil -3.13%
Natural Gas -14.44%
Ethanol -8.41%
RBOB Gasoline -5.01%
Brent Crude Oil -0.81%
WTI Crude Oil -0.50%
Metals
Palladium +10.95%
Platinum +10.14%
Copper +8.80%
Gold 100oz +4.52%
Silver 5000oz +10.06%

Currencies

USDEUR:-2.10% USDJPY:-2.66%

MINTs
USDIDR(IDN) -0.78%
USDMXN(MEX) +0.69%
USDNGN(NGA) +0.21%
USDTRY(TUR) +7.13%
BRICS
USDBRL(BRA) -3.12%
USDCNY(CHN) -0.88%
USDINR(IND) -0.66%
USDRUB(RUS) -1.67%
USDZAR(ZAF) -2.44%
Agricultural
Cattle -3.26%
Sugar #11 +5.09%
Wheat +2.77%
White Sugar +4.07%
Coffee (Arabica) +7.34%
Coffee (Robusta) +3.57%
Corn +2.43%
Cotton +5.27%
Orange Juice -12.48%
Soybean Meal +5.38%
Lean Hogs +5.26%
Lumber +4.30%
Cocoa -2.81%
Feeder Cattle -5.79%
Soybeans +1.84%

International ETFs (USD)

Nifty Heatmap

Index Returns


More: Sector Dashboard

Market Cap Decile Performance


More: Equal-Weight Deciles, Cap-Weight Deciles

ETF Performance

JUNIORBEES +9.07%
INFRABEES +8.86%
BANKBEES +7.44%
PSUBNKBEES +7.05%
CPSEETF +6.69%
NIFTYBEES +4.48%
GOLDBEES +2.58%
All ETFs in the green…

Yield Curve

Bond Indices

Sub Index Change in YTM Total Return(%)
0 5 -0.07 +0.74%
5 10 -0.07 +0.89%
10 15 -0.03 +0.81%
15 20 +0.00 +0.58%
20 30 -0.03 +0.92%
Bonds put in a decent show…

Investment Theme Performance

Momo (Automated) Themes out-performed hand-crafted ones…

Equity Mutual Funds

Bond Mutual Funds

Institutional flows

Foreigners sold and domestic investors SIPped…

Monthly Recap: Dismembered

world-2016-11-30-2016-12-30

Equities

Major
DAX(DEU) +7.90%
CAC(FRA) +6.20%
UKX(GBR) +5.29%
NKY(JPN) +4.40%
SPX(USA) +1.41%
MINTs
JCI(IDN) +2.87%
INMEX(MEX) +0.97%
NGSEINDX(NGA) +6.47%
XU030(TUR) +5.60%
BRICS
IBOV(BRA) -3.03%
SHCOMP(CHN) -4.50%
NIFTY(IND) -0.47%
INDEXCF(RUS) +6.07%
TOP40(ZAF) +0.48%

Commodities

Energy
RBOB Gasoline +12.95%
Brent Crude Oil +13.19%
Ethanol -2.07%
Natural Gas +11.93%
WTI Crude Oil +9.49%
Heating Oil +10.74%
Metals
Gold 100oz -1.90%
Copper -4.58%
Palladium -12.09%
Platinum -0.53%
Silver 5000oz -3.64%

Currencies

USDEUR:+0.68% USDJPY:+2.41%

MINTs
USDIDR(IDN) -0.60%
USDMXN(MEX) +1.15%
USDNGN(NGA) +0.09%
USDTRY(TUR) +2.53%
BRICS
USDBRL(BRA) -3.81%
USDCNY(CHN) +0.81%
USDINR(IND) -0.68%
USDRUB(RUS) -3.96%
USDZAR(ZAF) -2.59%
Agricultural
Corn +3.54%
Cotton -2.46%
Soybean Meal -1.17%
Soybeans -3.69%
Coffee (Arabica) -7.60%
Feeder Cattle +2.07%
Sugar #11 -0.91%
Wheat +6.17%
White Sugar -0.99%
Coffee (Robusta) +6.26%
Cattle +4.84%
Cocoa -11.06%
Lean Hogs +28.32%
Lumber -5.14%
Orange Juice -9.62%

International ETFs (USD)

global-etf-performance-2016-11-30-2016-12-30

Nifty Heatmap

nifty-50-2016-11-30-2016-12-30

Index Returns

index-performance-2016-11-30-2016-12-30
More: Sector Dashboard

Market Cap Decile Performance

deciles-perf-2016-12-30
More: Equal-Weight Deciles, Cap-Weight Deciles

ETF Performance

NIFTYBEES -0.51%
CPSEETF -0.75%
BANKBEES -2.69%
JUNIORBEES -3.04%
GOLDBEES -3.06%
INFRABEES -3.26%
PSUBNKBEES -7.03%
All the hoopla about how demonetization was a gift to PSU banks was dialed down a bit once reality sunk in… there are only losers here.

Yield Curve

yieldcurve-2016-11-30-2016-12-30

Bond Indices

Sub Index Change in YTM Total Return(%)
0 5 +0.35 -0.51%
5 10 +0.35 -1.28%
10 15 +0.41 -2.51%
15 20 +0.37 -2.87%
20 30 +0.46 -4.50%
Bonds got shellacked across the curve…

Investment Theme Performance

Strategies with built-in stop-losses out performed…

Equity Mutual Funds

Bond Mutual Funds

Book reviews

For the books that I read and write about, follow the tag ‘review.’

Monthly Recap: Demonetized!

world-2016-10-28-2016-11-30

Equities

Major
DAX(DEU) -1.24%
CAC(FRA) +0.22%
UKX(GBR) -3.20%
NKY(JPN) +6.11%
SPX(USA) +3.56%
MINTs
JCI(IDN) -3.98%
INMEX(MEX) -3.71%
NGSEINDX(NGA) -7.52%
XU030(TUR) -6.87%
BRICS
IBOV(BRA) -3.29%
SHCOMP(CHN) +5.45%
NIFTY(IND) -4.84%
INDEXCF(RUS) +6.85%
TOP40(ZAF) -1.62%

Commodities

Energy
Brent Crude Oil +4.77%
Ethanol +0.61%
Heating Oil +2.42%
WTI Crude Oil +1.81%
Natural Gas +7.24%
RBOB Gasoline +1.03%
Metals
Gold 100oz -8.32%
Palladium +24.50%
Platinum -7.73%
Silver 5000oz -7.82%
Copper +20.55%

Currencies

USDEUR:+3.46% USDJPY:+9.06%

MINTs
USDIDR(IDN) +3.91%
USDMXN(MEX) +8.08%
USDNGN(NGA) -1.26%
USDTRY(TUR) +10.80%
BRICS
USDBRL(BRA) +5.92%
USDCNY(CHN) +1.71%
USDINR(IND) +2.33%
USDRUB(RUS) +1.38%
USDZAR(ZAF) +0.91%
Agricultural
Lean Hogs +8.46%
Lumber +9.68%
Coffee (Arabica) -10.77%
Coffee (Robusta) -7.49%
Corn -4.93%
Cotton +2.47%
Feeder Cattle +5.36%
Orange Juice -0.05%
Soybean Meal -0.13%
Soybeans +3.47%
Sugar #11 -10.56%
Wheat -7.27%
Cattle +6.29%
Cocoa -13.63%
White Sugar -10.64%

International ETFs (USD)

global-etf-performance-2016-10-28-2016-11-30

Nifty Heatmap

nifty-50-2016-10-28-2016-11-30

Index Returns

index-performance-2016-10-28-2016-11-30
More: Sector Dashboard

Market Cap Decile Performance

deciles-perf-2016-11-30
More: Equal-Weight Deciles, Cap-Weight Deciles

ETF Performance

PSUBNKBEES +1.05%
CPSEETF -1.20%
INFRABEES -2.19%
BANKBEES -4.50%
NIFTYBEES -4.83%
JUNIORBEES -6.29%
Small and Midcaps took it on the chin…

Yield Curve

yieldcurve-2016-10-28-2016-11-30

Bond Indices

Sub Index Change in YTM Total Return(%)
0 5 -0.49 +2.02%
5 10 -0.55 +3.55%
10 15 -0.51 +4.53%
15 20 -0.42 +4.68%
20 30 -0.43 +5.57%
Massive, across the board, shift down in the curve…

Investment Theme Performance

Momentum Themes got shellacked but Momo’s performed better over all…

Equity Mutual Funds

Bond Mutual Funds

Institutional trends

dii-investments-2014-01-01-2016-11-30

FIIs trampeded out of both bonds and equities in November. Tump’s win lead to a steep rally in the US dollar and a spike in US bond yields that sucked liquidity out of risk assets.

fii-investments-2014-01-01-2016-11-30

Books I read in November


The Clash of the Cultures
: Investment vs. Speculation (Amazon, Notes)

John Bogle, the father of index funds lays out the case for passive indexing. His main argument is that as most of the assets are held by institutional managers who compete with other institutional managers and are more focused on asset gathering than being fiduciaries, investors should quit active management and buy-and-hold passive investments that just track a broad-based market-cap index at a low cost.

He makes this argument for the US markets, where institutional ownership of equities is over 70%. It is something that Indian investors should make a note of. As of right now, institutional ownership of equities is low. But as mutual funds, NPS and AIF ownership begin to cross over 50% of the market, it is time to shift from active to passive.

The Party: The Secret World of China’s Communist Rulers (Amazon, Notes)

tl;dr: The Chinese Communist Party owns everything in China.