Weekly Recap: Pick a Valid Strategy, Stick With It

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world.2015-07-24.2015-07-31

Equities

Major
DAX(DEU) -0.34%
CAC(FRA) +0.50%
UKX(GBR) +1.77%
NKY(JPN) +0.20%
SPX(USA) +1.15%
MINTs
JCI(IDN) -1.11%
INMEX(MEX) +1.26%
NGSEINDX(NGA) -2.93%
XU030(TUR) +1.96%
BRICS
IBOV(BRA) +4.31%
SHCOMP(CHN) -10.00%
NIFTY(IND) +0.13%
INDEXCF(RUS) +4.60%
TOP40(ZAF) +1.52%

Commodities

Energy
Ethanol +0.54%
Natural Gas -2.30%
WTI Crude Oil -2.89%
Brent Crude Oil -4.46%
Heating Oil -3.15%
RBOB Gasoline -3.34%
Metals
Silver 5000oz +2.76%
Copper -0.84%
Gold 100oz +0.62%
Palladium -2.60%
Platinum -0.48%

Currencies

USDEUR:-0.08% USDJPY:+0.14%

MINTs
USDIDR(IDN) +0.68%
USDMXN(MEX) -0.92%
USDNGN(NGA) -0.03%
USDTRY(TUR) +1.19%
BRICS
USDBRL(BRA) +2.20%
USDCNY(CHN) +0.00%
USDINR(IND) +0.15%
USDRUB(RUS) +5.57%
USDZAR(ZAF) +0.37%
Agricultural
Cattle +2.45%
Orange Juice -0.12%
Lean Hogs +1.09%
Wheat -2.73%
White Sugar +1.04%
Cocoa -0.05%
Coffee (Arabica) +3.41%
Corn -5.17%
Cotton -2.03%
Soybean Meal +0.31%
Soybeans -1.19%
Sugar #11 -0.80%
Coffee (Robusta) -8.77%
Feeder Cattle +0.95%
Lumber -5.54%

Credit Indices

Index Change
Markit CDX EM +0.20%
Markit CDX NA HY +0.10%
Markit CDX NA IG +0.56%
Markit iTraxx Asia ex-Japan IG +3.22%
Markit iTraxx Australia +3.07%
Markit iTraxx Europe +1.45%
Markit iTraxx Europe Crossover +6.61%
Markit iTraxx Japan +1.04%
Markit iTraxx SovX Western Europe +2.40%
Markit LCDX (Loan CDS) -0.04%
Markit MCDX (Municipal CDS) +1.72%
China did its thing and tanked 10%. Overall, not a good week for the commodity complex. Oil took it on the chin. The Nifty managed to end the week in the green.

Nifty Heatmap

CNX NIFTY.2015-07-24.2015-07-31

Index Returns

For a deeper dive into indices, check out our weekly Index Update.
index.performance.2015-07-24.2015-07-31

Sector Performance

sectorperformance.2015-07-24.2015-07-31

Market Cap Decile Performance

Decile Mkt. Cap. Adv/Decl
1 (micro) +1.11% 71/64
2 +3.05% 72/63
3 +3.66% 69/66
4 +2.07% 72/63
5 +1.11% 73/62
6 +0.12% 68/67
7 +1.81% 70/65
8 -0.45% 66/69
9 -0.42% 67/68
10 (mega) -1.64% 64/71
Not a good week for large-caps.

Top Winners and Losers

UNIONBANK +10.66%
GODREJCP +11.97%
BANKBARODA +13.96%
NMDC -10.18%
TATASTEEL -6.85%
EICHERMOT -5.18%
Eicher Motors got dinged with a downgrade.

ETF Performance

PSUBNKBEES +4.89%
JUNIORBEES +1.11%
BANKBEES +1.00%
NIFTYBEES +0.21%
CPSEETF -0.49%
GOLDBEES -0.73%
INFRABEES -4.01%
A truck filled with free tax-payer cash just rammed into PSU banks. Party on…

Yield Curve

Bond Indices

Sub Index Change in YTM Total Return(%)
0 5 -0.06 +0.26%
5 10 -0.04 +0.33%
10 15 -0.03 +0.36%
15 20 -0.03 +0.42%
20 30 -0.03 +0.49%
Not a bad week for bonds…

Investment Theme Performance

Financial Strength Value +5.59%
Quality to Price +4.94%
Magic Formula +4.87%
Momentum +4.21%
Low Volatility +3.44%
Next Trillion +2.01%
ASK Life +1.92%
CNX 100 Enterprise Yield +1.25%
Balance Sheet Strength +0.99%
Tactical CNX 100 +0.67%
ADAG stocks +0.42%
PPFAS Long Term Value +0.23%
The RBI Restricted List -0.50%
High Beta -0.68%
Higher Relative Strength Spread translated into better investment strategy performance across the board.

Equity Mutual Funds

Best
Canara Robeco Emerging Equities – Regular Plan – GROWTH +3.09%
Birla Sun Life India Opportunities Fund – Growth – Regular Plan +2.84%
L&T Mid Cap Fund-Growth +2.78%
BNP Paribas Mid Cap Fund-Growth Option +2.17%
SBI EMERGING BUSINESSES FUND – REGULAR PLAN -GROWTH +2.14%
Reliance Small Cap Fund – Growth Plan – Growth Option +2.14%
JPMorgan India Mid and Small Cap Fund – Regular Plan – Growth Option +2.11%
Worst
Religare Invesco Pan European Equity Fund – Regular Plan – Growth Option -0.91%
Birla Sun Life Commodity Equities Fund – Global Agri Plan – Growth – Regular Plan -0.94%
Principal Global Opportunities Fund-Growth Option -1.38%
Quantum Tax Saving Fund – Growth Option -1.38%
Quantum Long-Term Equity Fund-Growth Option -1.41%
Franklin Asian Equity Fund – Growth Plan -2.02%
Mirae Asset China Advantage Fund – Regular Plan Growth Option -3.95%

Bond Mutual Funds

Best
Escorts Income Plan-Growth +0.74%
IIFL Dynamic Bond Fund – Regular Plan – Growth Option +0.71%
Birla Sun Life Government Securities Fund – Long Term Plan – Growth – Regular Plan +0.67%
JPMorgan India Corporate Debt Opportunities Fund – Regular Plan – Growth Option +0.67%
ICICI Prudential Long Term Plan – Premium Growth Option +0.66%
ICICI Prudential Long Term – Regular Plan – Growth +0.66%
UTI – GILT ADVANTAGE-LONG TERM-GROWTH +0.66%
Worst
HDFC Inflation Indexed Bond Fund – Regular Growth +0.27%
MOSt 10 Year Gilt Fund – Growth +0.25%
HDFC Gilt Fund-Short Term-Growth +0.25%
Pramerica Income Fund – Regular Plan – Growth Option +0.24%
ICICI Prudential Short Term Gilt Fund – Regular Plan – Growth +0.23%
DWS Premier Bond Fund – Regular Plan-/-Growth Plan +0.21%
DWS Gilt Fund Growth +0.19%

Thought for the weekend

No strategy is magic; none work all the time. Don’t give up during the periods where it doesn’t seem to work, or when it occasionally blows up. The best time for any strategy typically come after a lot of marginal players give up because losses exceed their pain point.

Source: Pick a Valid Strategy, Stick With It

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