|Brent Crude Oil||+4.77%|
|WTI Crude Oil||+1.81%|
International ETFs (USD)
More: Sector Dashboard
Market Cap Decile Performance
|Sub Index||Change in YTM||Total Return(%)|
Investment Theme Performance
|Momo (Velocity) v1.0||-0.93%|
|Momo (Relative) v1.1||-1.85%|
|Momo (Acceleration) v1.0||-2.46%|
|Balance Sheet Strength||-3.76%|
|Financial Strength Value||-8.09%|
|Quality to Price||-11.61%|
Equity Mutual Funds
Bond Mutual Funds
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.
Books I read in November
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.
tl;dr: The Chinese Communist Party owns everything in China.