{"id":2014281,"date":"2015-01-31T12:20:06","date_gmt":"2015-01-31T06:50:06","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=2014281"},"modified":"2015-01-31T12:20:06","modified_gmt":"2015-01-31T06:50:06","slug":"monthly-recap-perfect-investor","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2015\/01\/31\/monthly-recap-perfect-investor\/","title":{"rendered":"Monthly Recap: The Perfect Investor"},"content":{"rendered":"

\"world.2014-12-31.2015-01-30\"<\/a><\/p>\n

Equities<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n
Major<\/th>\n<\/tr>\n<\/thead>\n
DAX(DEU)<\/a><\/td>\n+9.06%<\/span><\/td>\n<\/tr>\n
CAC(FRA)<\/a><\/td>\n+7.76%<\/span><\/td>\n<\/tr>\n
UKX(GBR)<\/a><\/td>\n+2.79%<\/span><\/td>\n<\/tr>\n
NKY(JPN)<\/a><\/td>\n+1.28%<\/span><\/td>\n<\/tr>\n
SPX(USA)<\/a><\/td>\n-3.90%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n
MINTs<\/th>\n<\/tr>\n<\/thead>\n
JCI(IDN)<\/a><\/td>\n+1.19%<\/span><\/td>\n<\/tr>\n
INMEX(MEX)<\/a><\/td>\n-6.09%<\/span><\/td>\n<\/tr>\n
NGSEINDX(NGA)<\/a><\/td>\n-14.70%<\/span><\/td>\n<\/tr>\n
XU030(TUR)<\/a><\/td>\n+3.79%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
BRICS<\/th>\n<\/tr>\n<\/thead>\n
IBOV(BRA)<\/a><\/td>\n-6.20%<\/span><\/td>\n<\/tr>\n
SHCOMP(CHN)<\/a><\/td>\n-0.75%<\/span><\/td>\n<\/tr>\n
NIFTY(IND)<\/a><\/td>\n+6.35%<\/span><\/td>\n<\/tr>\n
INDEXCF(RUS)<\/a><\/td>\n+17.98%<\/span><\/td>\n<\/tr>\n
TOP40(ZAF)<\/a><\/td>\n+2.60%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n
\n
\n

Commodities<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n
Energy<\/th>\n<\/tr>\n<\/thead>\n
Heating Oil<\/td>\n-9.59%<\/span><\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n-6.64%<\/span><\/td>\n<\/tr>\n
Ethanol<\/td>\n-15.22%<\/span><\/td>\n<\/tr>\n
WTI Crude Oil<\/td>\n-9.49%<\/span><\/td>\n<\/tr>\n
Natural Gas<\/td>\n-9.44%<\/span><\/td>\n<\/tr>\n
RBOB Gasoline<\/td>\n+2.30%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
Metals<\/th>\n<\/tr>\n<\/thead>\n
Copper<\/td>\n-10.92%<\/span><\/td>\n<\/tr>\n
Gold 100oz<\/td>\n+7.99%<\/span><\/td>\n<\/tr>\n
Platinum<\/td>\n+2.27%<\/span><\/td>\n<\/tr>\n
Palladium<\/td>\n-3.38%<\/span><\/td>\n<\/tr>\n
Silver 5000oz<\/td>\n+9.55%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n

Currencies<\/h3>\n

USDEUR<\/a>:+7.28% <\/span> USDJPY<\/a>:-1.96% <\/span><\/p>\n

\n
\n\n\n\n\n\n\n\n\n
MINTs<\/th>\n<\/tr>\n<\/thead>\n
USDIDR(IDN)<\/a><\/td>\n+2.29%<\/span><\/td>\n<\/tr>\n
USDMXN(MEX)<\/a><\/td>\n+1.54%<\/span><\/td>\n<\/tr>\n
USDNGN(NGA)<\/a><\/td>\n+2.25%<\/span><\/td>\n<\/tr>\n
USDTRY(TUR)<\/a><\/td>\n+4.55%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
BRICS<\/th>\n<\/tr>\n<\/thead>\n
USDBRL(BRA)<\/a><\/td>\n+0.94%<\/span><\/td>\n<\/tr>\n
USDCNY(CHN)<\/a><\/td>\n+0.73%<\/span><\/td>\n<\/tr>\n
USDINR(IND)<\/a><\/td>\n-1.86%<\/span><\/td>\n<\/tr>\n
USDRUB(RUS)<\/a><\/td>\n+19.40%<\/span><\/td>\n<\/tr>\n
USDZAR(ZAF)<\/a><\/td>\n+0.79%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Agricultural<\/th>\n<\/tr>\n<\/thead>\n
Cocoa<\/td>\n-3.55%<\/span><\/td>\n<\/tr>\n
Coffee (Robusta)<\/td>\n+1.53%<\/span><\/td>\n<\/tr>\n
Lumber<\/td>\n-2.74%<\/span><\/td>\n<\/tr>\n
Soybean Meal<\/td>\n-9.07%<\/span><\/td>\n<\/tr>\n
White Sugar<\/td>\n-2.07%<\/span><\/td>\n<\/tr>\n
Soybeans<\/td>\n-5.88%<\/span><\/td>\n<\/tr>\n
Coffee (Arabica)<\/td>\n-4.31%<\/span><\/td>\n<\/tr>\n
Corn<\/td>\n-7.56%<\/span><\/td>\n<\/tr>\n
Feeder Cattle<\/td>\n-6.25%<\/span><\/td>\n<\/tr>\n
Wheat<\/td>\n-14.73%<\/span><\/td>\n<\/tr>\n
Cattle<\/td>\n-6.55%<\/span><\/td>\n<\/tr>\n
Cotton<\/td>\n-2.45%<\/span><\/td>\n<\/tr>\n
Lean Hogs<\/td>\n-17.35%<\/span><\/td>\n<\/tr>\n
Orange Juice<\/td>\n+0.07%<\/span><\/td>\n<\/tr>\n
Sugar #11<\/td>\n+1.44%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Credit Indices<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Index<\/th>\nChange<\/th>\n<\/tr>\n<\/thead>\n
Markit CDX EM<\/td>\n-2.75%<\/span><\/td>\n<\/tr>\n
Markit CDX NA HY<\/td>\n-0.52%<\/span><\/td>\n<\/tr>\n
Markit CDX NA IG<\/td>\n+2.54%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Asia ex-Japan IG<\/td>\n+5.51%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Australia<\/td>\n+2.89%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe<\/td>\n-7.13%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe Crossover<\/td>\n-36.06%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Japan<\/td>\n-2.64%<\/span><\/td>\n<\/tr>\n
Markit iTraxx SovX Western Europe<\/td>\n-2.88%<\/span><\/td>\n<\/tr>\n
Markit LCDX (Loan CDS)<\/td>\n+0.24%<\/span><\/td>\n<\/tr>\n
Markit MCDX (Municipal CDS)<\/td>\n+3.87%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nWe certainly started the party with a bang: Euro QE, Swiss abandon, Rajan rate-cut… Oh my!\n<\/div>\n<\/div>\n

Index Returns<\/h3>\n

\"index<\/a><\/p>\n

Sector Performance<\/h3>\n

\"sector<\/a><\/p>\n

Advance Decline<\/h3>\n

\"advance.decline.line2.2014-12-31.2015-01-30\"<\/a><\/p>\n

Market Cap Decile Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Decile<\/th>\nMkt. Cap.<\/th>\nAdv\/Decl<\/th>\n<\/tr>\n<\/thead>\n
1 (micro)<\/td>\n-3.90%<\/span><\/td>\n68\/66<\/td>\n<\/tr>\n
2<\/td>\n+2.62%<\/span><\/td>\n79\/54<\/td>\n<\/tr>\n
3<\/td>\n+0.33%<\/span><\/td>\n73\/60<\/td>\n<\/tr>\n
4<\/td>\n+2.82%<\/span><\/td>\n81\/52<\/td>\n<\/tr>\n
5<\/td>\n+4.56%<\/span><\/td>\n72\/61<\/td>\n<\/tr>\n
6<\/td>\n+3.52%<\/span><\/td>\n81\/52<\/td>\n<\/tr>\n
7<\/td>\n+7.85%<\/span><\/td>\n77\/56<\/td>\n<\/tr>\n
8<\/td>\n+5.76%<\/span><\/td>\n76\/57<\/td>\n<\/tr>\n
9<\/td>\n+5.68%<\/span><\/td>\n69\/64<\/td>\n<\/tr>\n
10 (mega)<\/td>\n+8.38%<\/span><\/td>\n69\/65<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nLarge caps did good. Midcaps not so much.\n<\/div>\n<\/div>\n

Top Winners and Losers<\/h3>\n
\n
\n\n\n\n\n\n\n\n
HINDUNILVR<\/a><\/td>\n+22.69%<\/span><\/td>\n<\/tr>\n
DLF<\/a><\/td>\n+23.65%<\/span><\/td>\n<\/tr>\n
ADANIENT<\/a><\/td>\n+28.99%<\/span><\/td>\n<\/tr>\n
M&MFIN<\/a><\/td>\n-22.56%<\/span><\/td>\n<\/tr>\n
PETRONET<\/a><\/td>\n-13.76%<\/span><\/td>\n<\/tr>\n
PNB<\/a><\/td>\n-13.44%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nDLF – looks like the market likes the EMI scheme. M&MFIN and PNB got shellacked because of poor shows at earnings parade. The Adanis continued to entertain…\n<\/div>\n<\/div>\n

ETF Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
INFRABEES<\/a><\/td>\n+7.79%<\/span><\/td>\n<\/tr>\n
NIFTYBEES<\/a><\/td>\n+6.68%<\/span><\/td>\n<\/tr>\n
BANKBEES<\/a><\/td>\n+5.84%<\/span><\/td>\n<\/tr>\n
JUNIORBEES<\/a><\/td>\n+5.46%<\/span><\/td>\n<\/tr>\n
GOLDBEES<\/a><\/td>\n+4.65%<\/span><\/td>\n<\/tr>\n
CPSEETF<\/a><\/td>\n-0.12%<\/span><\/td>\n<\/tr>\n
PSUBNKBEES<\/a><\/td>\n-3.71%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nHad gold found a bottom?\n<\/div>\n<\/div>\n

Yield Curve<\/h3>\n

\"yield<\/a><\/p>\n

Bond Indices<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
Sub Index<\/th>\nChange in YTM<\/th>\nTotal Return(%)<\/th>\n<\/tr>\n<\/thead>\n
GSEC TB<\/td>\n-0.33<\/span><\/td>\n+0.74%<\/span><\/td>\n<\/tr>\n
GSEC SUB 1-3<\/td>\n-0.92<\/span><\/td>\n+0.94%<\/span><\/td>\n<\/tr>\n
GSEC SUB 3-8<\/td>\n-0.18<\/span><\/td>\n+1.48%<\/span><\/td>\n<\/tr>\n
GSEC SUB 8<\/td>\n-0.14<\/span><\/td>\n+1.91%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nThe long bond was a rock-star.\n<\/div>\n<\/div>\n

Investment Theme Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Growth with Moat<\/a><\/td>\n+10.36%<\/span><\/td>\n<\/tr>\n
Efficient Growth<\/a><\/td>\n+9.20%<\/span><\/td>\n<\/tr>\n
Market Elephants<\/a><\/td>\n+8.04%<\/span><\/td>\n<\/tr>\n
Financial Strength Value<\/a><\/td>\n+7.70%<\/span><\/td>\n<\/tr>\n
Balance-sheet Strength<\/a><\/td>\n+5.57%<\/span><\/td>\n<\/tr>\n
CNX 100 50-Day Tactical<\/a><\/td>\n+5.37%<\/span><\/td>\n<\/tr>\n
Auto <\/a><\/td>\n+3.66%<\/span><\/td>\n<\/tr>\n
Quality to Price<\/a><\/td>\n+3.53%<\/span><\/td>\n<\/tr>\n
Market Fliers<\/a><\/td>\n+3.06%<\/span><\/td>\n<\/tr>\n
Magic Formula Investing<\/a><\/td>\n+2.85%<\/span><\/td>\n<\/tr>\n
The Other Value<\/a><\/td>\n+2.19%<\/span><\/td>\n<\/tr>\n
IT 3rd Benchers<\/a><\/td>\n+2.10%<\/span><\/td>\n<\/tr>\n
Old Economy Value<\/a><\/td>\n+1.61%<\/span><\/td>\n<\/tr>\n
Momentum 200<\/a><\/td>\n+1.54%<\/span><\/td>\n<\/tr>\n
ADAG Mania<\/a><\/td>\n+0.25%<\/span><\/td>\n<\/tr>\n
Enterprise Yield<\/a><\/td>\n+0.22%<\/span><\/td>\n<\/tr>\n
Refract: PPFAS Long Term Value Fund<\/a><\/td>\n-1.63%<\/span><\/td>\n<\/tr>\n
Piotroski ROC Small Caps<\/a><\/td>\n-2.80%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\ncomme ci comme \u00e7a…\n<\/div>\n<\/div>\n

Equity Mutual Funds<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Best<\/th>\n<\/tr>\n<\/thead>\n
Canara Robeco Infrastructure – Regular Plan – GROWTH<\/a><\/td>\n+9.19%<\/span><\/td>\n<\/tr>\n
BNP PARIBAS Equity Fund-Growth Option<\/a><\/td>\n+8.82%<\/span><\/td>\n<\/tr>\n
MOSt Focused 25 Fund- Regular Plan Growth Option<\/a><\/td>\n+8.74%<\/span><\/td>\n<\/tr>\n
JM Basic Fund – Growth Option<\/a><\/td>\n+8.56%<\/span><\/td>\n<\/tr>\n
BNP Paribas Long Term Equity Fund – Growth Option<\/a><\/td>\n+8.36%<\/span><\/td>\n<\/tr>\n
Birla Sun Life Buy India Fund-Plan B(Growth)<\/a><\/td>\n+8.28%<\/span><\/td>\n<\/tr>\n
Birla Sun Life Relief 96 – Growth Option<\/a><\/td>\n+8.24%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n
Worst<\/th>\n<\/tr>\n<\/thead>\n
Reliance Japan Equity Fund- Growth Plan- Bonus Option<\/a><\/td>\n-2.04%<\/span><\/td>\n<\/tr>\n
Reliance Japan Equity Fund- Growth Plan- Growth Option<\/a><\/td>\n-2.04%<\/span><\/td>\n<\/tr>\n
Franklin India Feeder – Franklin U.S. Opportunities Fund – Growth<\/a><\/td>\n-2.11%<\/span><\/td>\n<\/tr>\n
Religare Invesco Global Equity Income Fund – Regular Plan – Growth<\/a><\/td>\n-2.20%<\/span><\/td>\n<\/tr>\n
Mirae Asset China Advantage Fund – Regular Plan Growth Option<\/a><\/td>\n-3.32%<\/span><\/td>\n<\/tr>\n
Franklin India Feeder – Franklin European Growth Fund – Growth<\/a><\/td>\n-4.59%<\/span><\/td>\n<\/tr>\n
Mirae Asset Global Commodity Stocks – Growth Option<\/a><\/td>\n-5.33%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Bond Mutual Funds<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Best<\/th>\n<\/tr>\n<\/thead>\n
L&T Gilt Fund-Growth<\/a><\/td>\n+3.12%<\/span><\/td>\n<\/tr>\n
UTI – GILT ADVANTAGE-LONG TERM-GROWTH<\/a><\/td>\n+3.10%<\/span><\/td>\n<\/tr>\n
SBI MAGNUM GILT FUND – LONG TERM – REGULAR PLAN – GROWTH<\/a><\/td>\n+3.09%<\/span><\/td>\n<\/tr>\n
Canara Robeco Gilt PGS – Regular Plan – Growth<\/a><\/td>\n+2.89%<\/span><\/td>\n<\/tr>\n
HDFC Gilt Fund-Long Term-Growth<\/a><\/td>\n+2.83%<\/span><\/td>\n<\/tr>\n
IDFC GSF-Provident Fund-Regular Plan-Growth<\/a><\/td>\n+2.80%<\/span><\/td>\n<\/tr>\n
JM G-Sec Fund-Regular Plan-Growth Plan – Growth Option<\/a><\/td>\n+2.80%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n
Worst<\/th>\n<\/tr>\n<\/thead>\n
Franklin India Banking & PSU Debt Fund – Growth<\/a><\/td>\n+1.18%<\/span><\/td>\n<\/tr>\n
DWS Premier Bond Fund – Regular Plan-\/-Growth Plan<\/a><\/td>\n+1.10%<\/span><\/td>\n<\/tr>\n
HDFC Gilt Fund-Short Term-Growth<\/a><\/td>\n+1.04%<\/span><\/td>\n<\/tr>\n
DWS PREMIER BOND FUND INST PLAN GROWTH<\/a><\/td>\n+1.04%<\/span><\/td>\n<\/tr>\n
Taurus Dynamic Income Fund – Growth Option<\/a><\/td>\n+0.78%<\/span><\/td>\n<\/tr>\n
DWS Inflation Indexed Bond Fund- Regular Plan- Growth<\/a><\/td>\n-0.08%<\/span><\/td>\n<\/tr>\n
HDFC Inflation Indexed Bond Fund – Regular Growth<\/a><\/td>\n-0.16%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Thought to sum up the month<\/h3>\n

Is there such a thing as a “perfect” value investor? Bob Goldfarb, chief executive of the legendary Sequoia Fund, was asked by Columbia University professor Louis Lowenstein “to select ten dyed-in-the-wool value investors who all followed the essential edicts of Graham and Dodd.”<\/p>\n

Goldfarb came up with nine. For a nine-year period from 2006 through 2014, the average return of the eight funds that survived to the end was 6.70% vs. the S&P 500 Index’s 7.99%. <\/p>\n

Source: Looking Back at James Montier’s “Perfect” Value Investors<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Equities Major DAX(DEU) +9.06% CAC(FRA) +7.76% UKX(GBR) +2.79% NKY(JPN) +1.28% SPX(USA) -3.90% MINTs JCI(IDN) +1.19% INMEX(MEX) -6.09% NGSEINDX(NGA) -14.70% XU030(TUR) +3.79% BRICS IBOV(BRA) -6.20% SHCOMP(CHN) -0.75% NIFTY(IND) +6.35% INDEXCF(RUS) +17.98% TOP40(ZAF) +2.60% Commodities Energy Heating Oil -9.59% Brent Crude Oil -6.64% Ethanol -15.22% WTI Crude Oil -9.49% Natural Gas -9.44% RBOB Gasoline +2.30% Metals Copper … <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1881],"class_list":["post-2014281","post","type-post","status-publish","format-standard","hentry","category-your-money","tag-monthly","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2014281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=2014281"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2014281\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2014281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2014281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2014281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}