{"id":2041401,"date":"2016-01-01T08:30:38","date_gmt":"2016-01-01T03:00:38","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=2041401"},"modified":"2016-01-01T08:30:38","modified_gmt":"2016-01-01T03:00:38","slug":"the-year-2015-in-the-markets","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2016\/01\/01\/the-year-2015-in-the-markets\/","title":{"rendered":"The Year 2015 in the Markets"},"content":{"rendered":"

\"world.2014-12-31.2015-12-31\"<\/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+9.56%<\/span><\/td>\n<\/tr>\n
CAC(FRA)<\/a><\/td>\n+8.53%<\/span><\/td>\n<\/tr>\n
UKX(GBR)<\/a><\/td>\n-4.93%<\/span><\/td>\n<\/tr>\n
NKY(JPN)<\/a><\/td>\n+9.07%<\/span><\/td>\n<\/tr>\n
SPX(USA)<\/a><\/td>\n-1.54%<\/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-12.13%<\/span><\/td>\n<\/tr>\n
INMEX(MEX)<\/a><\/td>\n-1.18%<\/span><\/td>\n<\/tr>\n
NGSEINDX(NGA)<\/a><\/td>\n-17.36%<\/span><\/td>\n<\/tr>\n
XU030(TUR)<\/a><\/td>\n-17.64%<\/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-13.31%<\/span><\/td>\n<\/tr>\n
SHCOMP(CHN)<\/a><\/td>\n+9.41%<\/span><\/td>\n<\/tr>\n
NIFTY(IND)<\/a><\/td>\n-4.06%<\/span><\/td>\n<\/tr>\n
INDEXCF(RUS)<\/a><\/td>\n+26.12%<\/span><\/td>\n<\/tr>\n
TOP40(ZAF)<\/a><\/td>\n+4.16%<\/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
Ethanol<\/td>\n-13.17%<\/span><\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n-33.76%<\/span><\/td>\n<\/tr>\n
Heating Oil<\/td>\n-39.27%<\/span><\/td>\n<\/tr>\n
Natural Gas<\/td>\n-20.45%<\/span><\/td>\n<\/tr>\n
RBOB Gasoline<\/td>\n-11.49%<\/span><\/td>\n<\/tr>\n
WTI Crude Oil<\/td>\n-29.88%<\/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
Silver 5000oz<\/td>\n-12.10%<\/span><\/td>\n<\/tr>\n
Platinum<\/td>\n-26.40%<\/span><\/td>\n<\/tr>\n
Gold 100oz<\/td>\n-10.86%<\/span><\/td>\n<\/tr>\n
Copper<\/td>\n-25.00%<\/span><\/td>\n<\/tr>\n
Palladium<\/td>\n-29.43%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n

Currencies<\/h3>\n

USDEUR<\/a>:+11.51% <\/span> USDJPY<\/a>:+0.59% <\/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+11.64%<\/span><\/td>\n<\/tr>\n
USDMXN(MEX)<\/a><\/td>\n+17.00%<\/span><\/td>\n<\/tr>\n
USDNGN(NGA)<\/a><\/td>\n+8.49%<\/span><\/td>\n<\/tr>\n
USDTRY(TUR)<\/a><\/td>\n+24.88%<\/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+49.03%<\/span><\/td>\n<\/tr>\n
USDCNY(CHN)<\/a><\/td>\n+4.64%<\/span><\/td>\n<\/tr>\n
USDINR(IND)<\/a><\/td>\n+4.93%<\/span><\/td>\n<\/tr>\n
USDRUB(RUS)<\/a><\/td>\n+24.64%<\/span><\/td>\n<\/tr>\n
USDZAR(ZAF)<\/a><\/td>\n+34.63%<\/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
Lean Hogs<\/td>\n-26.84%<\/span><\/td>\n<\/tr>\n
Sugar #11<\/td>\n+4.32%<\/span><\/td>\n<\/tr>\n
Cattle<\/td>\n-18.04%<\/span><\/td>\n<\/tr>\n
Coffee (Arabica)<\/td>\n-25.53%<\/span><\/td>\n<\/tr>\n
Cotton<\/td>\n+4.21%<\/span><\/td>\n<\/tr>\n
Lumber<\/td>\n-21.95%<\/span><\/td>\n<\/tr>\n
White Sugar<\/td>\n+7.86%<\/span><\/td>\n<\/tr>\n
Cocoa<\/td>\n+14.74%<\/span><\/td>\n<\/tr>\n
Corn<\/td>\n-10.56%<\/span><\/td>\n<\/tr>\n
Feeder Cattle<\/td>\n-23.82%<\/span><\/td>\n<\/tr>\n
Orange Juice<\/td>\n-0.04%<\/span><\/td>\n<\/tr>\n
Soybeans<\/td>\n-14.65%<\/span><\/td>\n<\/tr>\n
Wheat<\/td>\n-20.25%<\/span><\/td>\n<\/tr>\n
Coffee (Robusta)<\/td>\n-21.25%<\/span><\/td>\n<\/tr>\n
Soybean Meal<\/td>\n-27.19%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Nifty Heatmap<\/h3>\n

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

Index Returns<\/h3>\n

\"index.performance.2014-12-31.2015-12-31\"<\/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+83.07%<\/span><\/td>\n95\/39<\/td>\n<\/tr>\n
2<\/td>\n+64.59%<\/span><\/td>\n104\/29<\/td>\n<\/tr>\n
3<\/td>\n+40.56%<\/span><\/td>\n91\/42<\/td>\n<\/tr>\n
4<\/td>\n+31.75%<\/span><\/td>\n80\/53<\/td>\n<\/tr>\n
5<\/td>\n+28.26%<\/span><\/td>\n82\/51<\/td>\n<\/tr>\n
6<\/td>\n+27.95%<\/span><\/td>\n85\/48<\/td>\n<\/tr>\n
7<\/td>\n+14.75%<\/span><\/td>\n76\/57<\/td>\n<\/tr>\n
8<\/td>\n+19.85%<\/span><\/td>\n75\/58<\/td>\n<\/tr>\n
9<\/td>\n+5.53%<\/span><\/td>\n68\/65<\/td>\n<\/tr>\n
10 (mega)<\/td>\n+0.91%<\/span><\/td>\n68\/66<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nIt was the year of the small-caps – vastly out-performing the NIFTY 50.\n<\/div>\n<\/div>\n

Top Winners and Losers<\/h3>\n
\n
\n\n\n\n\n\n\n\n
HINDPETRO<\/a><\/td>\n+52.74%<\/span><\/td>\n<\/tr>\n
IBULHSGFIN<\/a><\/td>\n+60.20%<\/span><\/td>\n<\/tr>\n
BRITANNIA<\/a><\/td>\n+61.20%<\/span><\/td>\n<\/tr>\n
BANKINDIA<\/a><\/td>\n-61.91%<\/span><\/td>\n<\/tr>\n
VEDL<\/a><\/td>\n-57.86%<\/span><\/td>\n<\/tr>\n
CANBK<\/a><\/td>\n-48.08%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nCommodities and public sector bank stocks got pummeled…\n<\/div>\n<\/div>\n

ETF Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
JUNIORBEES<\/a><\/td>\n+7.87%<\/span><\/td>\n<\/tr>\n
NIFTYBEES<\/a><\/td>\n-4.26%<\/span><\/td>\n<\/tr>\n
GOLDBEES<\/a><\/td>\n-7.50%<\/span><\/td>\n<\/tr>\n
INFRABEES<\/a><\/td>\n-9.11%<\/span><\/td>\n<\/tr>\n
BANKBEES<\/a><\/td>\n-10.32%<\/span><\/td>\n<\/tr>\n
CPSEETF<\/a><\/td>\n-14.07%<\/span><\/td>\n<\/tr>\n
PSUBNKBEES<\/a><\/td>\n-31.65%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nBroad-based indices had very little to offer…\n<\/div>\n<\/div>\n

Yield Curve<\/h3>\n

\"yieldCurve.2014-12-31.2015-12-31\"<\/a><\/p>\n

Bond Indices<\/h3>\n
\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
0 5<\/td>\n-0.50<\/span><\/td>\n+9.21%<\/span><\/td>\n<\/tr>\n
5 10<\/td>\n-0.14<\/span><\/td>\n+8.78%<\/span><\/td>\n<\/tr>\n
10 15<\/td>\n+0.01<\/span><\/td>\n+7.83%<\/span><\/td>\n<\/tr>\n
15 20<\/td>\n+0.09<\/span><\/td>\n+7.02%<\/span><\/td>\n<\/tr>\n
20 30<\/td>\n+0.13<\/span><\/td>\n+6.10%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nOn a total return basis, the long-bonds barely kept up with inflation.\n<\/div>\n<\/div>\n

Spread between US Treasuries and Indian Gilts<\/h3>\n

\"ust-ind-10yr-spread.2011-01-18\"<\/a><\/p>\n

Investment Theme Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n
Momentum<\/a><\/td>\n+45.89%<\/span><\/td>\n<\/tr>\n
Financial Strength Value<\/a><\/td>\n+43.02%<\/span><\/td>\n<\/tr>\n
Quality to Price<\/a><\/td>\n+35.28%<\/span><\/td>\n<\/tr>\n
Magic Formula<\/a><\/td>\n+16.15%<\/span><\/td>\n<\/tr>\n
Low Volatility<\/a><\/td>\n+6.41%<\/span><\/td>\n<\/tr>\n
Enterprise Yield<\/a><\/td>\n+6.06%<\/span><\/td>\n<\/tr>\n
Balance Sheet Strength<\/a><\/td>\n+4.59%<\/span><\/td>\n<\/tr>\n
Tactical CNX 100<\/a><\/td>\n-1.10%<\/span><\/td>\n<\/tr>\n
High Beta<\/a><\/td>\n-30.34%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nMost investment strategies came out ahead…\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
DSP BlackRock Micro Cap Fund – Regular – Growth<\/a><\/td>\n+19.67%<\/span><\/td>\n<\/tr>\n
SBI Smal & Midcap – Regular Plan – Growth<\/a><\/td>\n+19.56%<\/span><\/td>\n<\/tr>\n
Escorts High Yield Equity Plan – Growth Option<\/a><\/td>\n+18.07%<\/span><\/td>\n<\/tr>\n
Escorts Leading Sectors Fund – Growth Option<\/a><\/td>\n+17.50%<\/span><\/td>\n<\/tr>\n
Birla Sun Life MNC Fund-Plan B (Growth)<\/a><\/td>\n+17.11%<\/span><\/td>\n<\/tr>\n
MOSt Focused Midcap 30-Regular Plan-Growth Option<\/a><\/td>\n+15.81%<\/span><\/td>\n<\/tr>\n
BNP Paribas Mid Cap Fund-Growth Option<\/a><\/td>\n+14.94%<\/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
LIC NOMURA MF Balanced Fund-Growth<\/a><\/td>\n-6.96%<\/span><\/td>\n<\/tr>\n
Sahara Growth Fund-Growth<\/a><\/td>\n-7.25%<\/span><\/td>\n<\/tr>\n
Union KBC Equity Fund – Growth Option<\/a><\/td>\n-7.65%<\/span><\/td>\n<\/tr>\n
LIC NOMURA MF Equity Fund-Growth<\/a><\/td>\n-7.89%<\/span><\/td>\n<\/tr>\n
Baroda Pioneer PSU Equity Fund- Plan A – Growth Option<\/a><\/td>\n-16.20%<\/span><\/td>\n<\/tr>\n
Sundaram Growth Fund-Growth<\/a><\/td>\n-16.23%<\/span><\/td>\n<\/tr>\n
Mirae Asset Global Commodity Stocks – Growth Option<\/a><\/td>\n-23.36%<\/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
ICICI Prudential Very Cautious – Regular Plan – Growth<\/a><\/td>\n+11.03%<\/span><\/td>\n<\/tr>\n
Franklin India Dynamic Accrual Fund-Growth<\/a><\/td>\n+10.28%<\/span><\/td>\n<\/tr>\n
Escorts Income Plan-Growth<\/a><\/td>\n+9.20%<\/span><\/td>\n<\/tr>\n
Reliance Corporate Bond Fund – Growth Option<\/a><\/td>\n+8.96%<\/span><\/td>\n<\/tr>\n
HDFC Gilt Fund-Short Term-Growth<\/a><\/td>\n+8.78%<\/span><\/td>\n<\/tr>\n
ICICI Prudential Dynamic Bond Fund – Premium Plus Growth<\/a><\/td>\n+8.69%<\/span><\/td>\n<\/tr>\n
Sundaram Flexible Fund -Flexible Income Plan Regular – Growth<\/a><\/td>\n+8.59%<\/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
Kotak Bond-Deposit-Growth<\/a><\/td>\n+4.56%<\/span><\/td>\n<\/tr>\n
L&T Triple Ace Bond Fund-Growth Plan<\/a><\/td>\n+4.48%<\/span><\/td>\n<\/tr>\n
IDBI Gilt Fund Growth<\/a><\/td>\n+4.36%<\/span><\/td>\n<\/tr>\n
Religare Invesco GILT Fund – Long Duration Plan – Growth<\/a><\/td>\n+4.31%<\/span><\/td>\n<\/tr>\n
JM Income Fund-Growth Plan – Growth Option<\/a><\/td>\n+4.28%<\/span><\/td>\n<\/tr>\n
SBI INFLATION INDEXED BOND FUND – REGULAR PLAN – GROWTH<\/a><\/td>\n+3.24%<\/span><\/td>\n<\/tr>\n
DWS Inflation Indexed Bond Fund- Regular Plan- Growth<\/a><\/td>\n+2.24%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Institutional fund flows<\/h3>\n

\"dii-investments.2014-01-01.2015-12-31\"<\/a><\/p>\n

\"fii-investments.2014-01-01.2015-12-31\"<\/a><\/p>\n

Commentary<\/h3>\n

It was a year that saw record inflows of retail money into mutual funds and record outflow of foreign investors out of Indian markets. There were taper tantrums, Greece, GST #fail and so many worries. But the systematic and patient investor was rewarded for keeping a cool head.<\/p>\n","protected":false},"excerpt":{"rendered":"

Equities Major DAX(DEU) +9.56% CAC(FRA) +8.53% UKX(GBR) -4.93% NKY(JPN) +9.07% SPX(USA) -1.54% MINTs JCI(IDN) -12.13% INMEX(MEX) -1.18% NGSEINDX(NGA) -17.36% XU030(TUR) -17.64% BRICS IBOV(BRA) -13.31% SHCOMP(CHN) +9.41% NIFTY(IND) -4.06% INDEXCF(RUS) +26.12% TOP40(ZAF) +4.16% Commodities Energy Ethanol -13.17% Brent Crude Oil -33.76% Heating Oil -39.27% Natural Gas -20.45% RBOB Gasoline -11.49% WTI Crude Oil -29.88% Metals Silver … <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3471,9],"tags":[3631],"class_list":["post-2041401","post","type-post","status-publish","format-standard","hentry","category-investing-insight","category-your-money","tag-annual","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2041401","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=2041401"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2041401\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2041401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2041401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2041401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}