{"id":2047391,"date":"2016-05-01T11:28:06","date_gmt":"2016-05-01T05:58:06","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=2047391"},"modified":"2016-05-01T11:28:06","modified_gmt":"2016-05-01T05:58:06","slug":"monthly-recap-april-angst","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2016\/05\/01\/monthly-recap-april-angst\/","title":{"rendered":"Monthly Recap: April Angst"},"content":{"rendered":"

\"world.2016-03-31.2016-04-29\"<\/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+0.74%<\/span><\/td>\n<\/tr>\n
CAC(FRA)<\/a><\/td>\n+1.00%<\/span><\/td>\n<\/tr>\n
UKX(GBR)<\/a><\/td>\n+1.08%<\/span><\/td>\n<\/tr>\n
NKY(JPN)<\/a><\/td>\n-0.55%<\/span><\/td>\n<\/tr>\n
SPX(USA)<\/a><\/td>\n+0.22%<\/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-0.14%<\/span><\/td>\n<\/tr>\n
INMEX(MEX)<\/a><\/td>\n+0.12%<\/span><\/td>\n<\/tr>\n
NGSEINDX(NGA)<\/a><\/td>\n-0.96%<\/span><\/td>\n<\/tr>\n
XU030(TUR)<\/a><\/td>\n+2.39%<\/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+7.81%<\/span><\/td>\n<\/tr>\n
SHCOMP(CHN)<\/a><\/td>\n-2.18%<\/span><\/td>\n<\/tr>\n
NIFTY(IND)<\/a><\/td>\n+1.44%<\/span><\/td>\n<\/tr>\n
INDEXCF(RUS)<\/a><\/td>\n+4.38%<\/span><\/td>\n<\/tr>\n
TOP40(ZAF)<\/a><\/td>\n+0.72%<\/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
Natural Gas<\/td>\n+9.63%<\/span><\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n+19.35%<\/span><\/td>\n<\/tr>\n
WTI Crude Oil<\/td>\n+18.78%<\/span><\/td>\n<\/tr>\n
Ethanol<\/td>\n+7.67%<\/span><\/td>\n<\/tr>\n
Heating Oil<\/td>\n+16.52%<\/span><\/td>\n<\/tr>\n
RBOB Gasoline<\/td>\n+12.21%<\/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
Gold 100oz<\/td>\n+4.91%<\/span><\/td>\n<\/tr>\n
Silver 5000oz<\/td>\n+16.23%<\/span><\/td>\n<\/tr>\n
Palladium<\/td>\n+9.91%<\/span><\/td>\n<\/tr>\n
Copper<\/td>\n+3.65%<\/span><\/td>\n<\/tr>\n
Platinum<\/td>\n+10.43%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n

Currencies<\/h3>\n

USDEUR<\/a>:-0.56% <\/span> USDJPY<\/a>:-5.32% <\/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-0.45%<\/span><\/td>\n<\/tr>\n
USDMXN(MEX)<\/a><\/td>\n-0.99%<\/span><\/td>\n<\/tr>\n
USDNGN(NGA)<\/a><\/td>\n-0.03%<\/span><\/td>\n<\/tr>\n
USDTRY(TUR)<\/a><\/td>\n-0.91%<\/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-4.40%<\/span><\/td>\n<\/tr>\n
USDCNY(CHN)<\/a><\/td>\n+0.38%<\/span><\/td>\n<\/tr>\n
USDINR(IND)<\/a><\/td>\n+0.12%<\/span><\/td>\n<\/tr>\n
USDRUB(RUS)<\/a><\/td>\n-3.34%<\/span><\/td>\n<\/tr>\n
USDZAR(ZAF)<\/a><\/td>\n-3.57%<\/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
Cattle<\/td>\n-13.57%<\/span><\/td>\n<\/tr>\n
Lean Hogs<\/td>\n+14.21%<\/span><\/td>\n<\/tr>\n
Soybean Meal<\/td>\n+22.41%<\/span><\/td>\n<\/tr>\n
Feeder Cattle<\/td>\n-10.82%<\/span><\/td>\n<\/tr>\n
Wheat<\/td>\n+1.48%<\/span><\/td>\n<\/tr>\n
Coffee (Arabica)<\/td>\n-5.56%<\/span><\/td>\n<\/tr>\n
Coffee (Robusta)<\/td>\n+5.78%<\/span><\/td>\n<\/tr>\n
Corn<\/td>\n+11.55%<\/span><\/td>\n<\/tr>\n
Cotton<\/td>\n+8.51%<\/span><\/td>\n<\/tr>\n
Lumber<\/td>\n-5.54%<\/span><\/td>\n<\/tr>\n
Orange Juice<\/td>\n-12.86%<\/span><\/td>\n<\/tr>\n
Soybeans<\/td>\n+12.23%<\/span><\/td>\n<\/tr>\n
Sugar #11<\/td>\n+6.16%<\/span><\/td>\n<\/tr>\n
Cocoa<\/td>\n+7.24%<\/span><\/td>\n<\/tr>\n
White Sugar<\/td>\n+5.30%<\/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
Index<\/th>\nChange<\/th>\n<\/tr>\n<\/thead>\n
Markit CDX EM<\/td>\n+0.60%<\/span><\/td>\n<\/tr>\n
Markit CDX NA HY<\/td>\n+0.89%<\/span><\/td>\n<\/tr>\n
Markit CDX NA IG<\/td>\n-4.40%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Asia ex-Japan IG<\/td>\n-6.15%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Australia<\/td>\n-9.74%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe<\/td>\n-1.61%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe Crossover<\/td>\n-9.50%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Japan<\/td>\n-21.20%<\/span><\/td>\n<\/tr>\n
Markit MCDX (Municipal CDS)<\/td>\n+0.33%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nAn eventful month with the RBI cutting rates, ICICI dropping a bomb, BOJ holding off on more QE and oil recovering…\n<\/div>\n<\/div>\n

International ETFs (USD)<\/h3>\n

\"global.etf.performance.2016-03-31.2016-04-29\"<\/p>\n

Nifty Heatmap<\/h3>\n

\"NIFTY<\/p>\n

Index Returns<\/h3>\n

\"index.performance.2016-03-31.2016-04-29\"<\/p>\n

Market Cap Decile Performance<\/h3>\n

\"deciles.perf.2016-04-29\"<\/a><\/p>\n

Top Winners and Losers<\/h3>\n
\n
\n\n\n\n\n\n\n\n
UPL<\/a><\/td>\n+12.60%<\/span><\/td>\n<\/tr>\n
DLF<\/a><\/td>\n+12.85%<\/span><\/td>\n<\/tr>\n
VEDL<\/a><\/td>\n+15.53%<\/span><\/td>\n<\/tr>\n
NHPC<\/a><\/td>\n-14.49%<\/span><\/td>\n<\/tr>\n
BHARATFORG<\/a><\/td>\n-8.59%<\/span><\/td>\n<\/tr>\n
UBL<\/a><\/td>\n-7.88%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nHigh beta stocks rebounded from Jan\/Feb lows…\n<\/div>\n<\/div>\n

ETF Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
GOLDBEES<\/a><\/td>\n+5.98%<\/span><\/td>\n<\/tr>\n
BANKBEES<\/a><\/td>\n+3.70%<\/span><\/td>\n<\/tr>\n
JUNIORBEES<\/a><\/td>\n+3.05%<\/span><\/td>\n<\/tr>\n
INFRABEES<\/a><\/td>\n+2.94%<\/span><\/td>\n<\/tr>\n
CPSEETF<\/a><\/td>\n+2.69%<\/span><\/td>\n<\/tr>\n
PSUBNKBEES<\/a><\/td>\n+1.03%<\/span><\/td>\n<\/tr>\n
NIFTYBEES<\/a><\/td>\n+0.49%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nIs infra the next story?\n<\/div>\n<\/div>\n

Yield Curve<\/h3>\n

\"yieldCurve.2016-03-31.2016-04-29\"<\/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-0.05<\/span><\/td>\n+0.77%<\/span><\/td>\n<\/tr>\n
5 10<\/td>\n-0.06<\/span><\/td>\n+0.92%<\/span><\/td>\n<\/tr>\n
10 15<\/td>\n-0.04<\/span><\/td>\n+0.94%<\/span><\/td>\n<\/tr>\n
15 20<\/td>\n-0.12<\/span><\/td>\n+1.75%<\/span><\/td>\n<\/tr>\n
20 30<\/td>\n-0.08<\/span><\/td>\n+1.50%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nBonds rebounded…\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
Quality to Price<\/a><\/td>\n+9.29%<\/span><\/td>\n<\/tr>\n
Enterprise Yield<\/a><\/td>\n+8.01%<\/span><\/td>\n<\/tr>\n
Velocity<\/a><\/td>\n+5.67%<\/span><\/td>\n<\/tr>\n
High Beta<\/a><\/td>\n+5.47%<\/span><\/td>\n<\/tr>\n
Magic Formula<\/a><\/td>\n+4.77%<\/span><\/td>\n<\/tr>\n
Momentum<\/a><\/td>\n+4.70%<\/span><\/td>\n<\/tr>\n
Low Beta<\/a><\/td>\n+4.23%<\/span><\/td>\n<\/tr>\n
Low Volatility<\/a><\/td>\n+4.11%<\/span><\/td>\n<\/tr>\n
Balance Sheet Strength<\/a><\/td>\n+4.00%<\/span><\/td>\n<\/tr>\n
Financial Strength Value<\/a><\/td>\n+3.56%<\/span><\/td>\n<\/tr>\n
Acceleration<\/a><\/td>\n+3.11%<\/span><\/td>\n<\/tr>\n
High Alpha<\/a><\/td>\n+2.64%<\/span><\/td>\n<\/tr>\n
High Sharpe<\/a><\/td>\n+2.57%<\/span><\/td>\n<\/tr>\n
Tactical CNX 100<\/a><\/td>\n+1.76%<\/span><\/td>\n<\/tr>\n
HighIR Momentum<\/a><\/td>\n+0.44%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nMidcap recovery under way…\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
SBI INFRASTRUCTURE FUND – SERIES I – REGULAR PLAN – GROWTH (6\/7\/2007)<\/a><\/td>\n+7.11%<\/span><\/td>\n<\/tr>\n
Escorts Leading Sectors Fund – Growth Option<\/a><\/td>\n+6.49%<\/span><\/td>\n<\/tr>\n
Sundaram Rural India Fund Growth<\/a><\/td>\n+5.73%<\/span><\/td>\n<\/tr>\n
SBI Magnum MIDCAP FUND – REGULAR PLAN – GROWTH<\/a><\/td>\n+5.63%<\/span><\/td>\n<\/tr>\n
SBI EMERGING BUSINESSES FUND – REGULAR PLAN -GROWTH<\/a><\/td>\n+5.60%<\/span><\/td>\n<\/tr>\n
Franklin India Smaller Companies Fund-Growth<\/a><\/td>\n+5.59%<\/span><\/td>\n<\/tr>\n
Escorts High Yield Equity Plan – Growth Option<\/a><\/td>\n+5.41%<\/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
Baroda Pioneer PSU Equity Fund- Plan A – Growth Option<\/a><\/td>\n+0.15%<\/span><\/td>\n<\/tr>\n
Reliance Top 200 Fund- Growth Plan -Growth Option<\/a><\/td>\n+0.05%<\/span><\/td>\n<\/tr>\n
Franklin India Feeder – Franklin U.S. Opportunities Fund – Growth<\/a><\/td>\n-0.01%<\/span><\/td>\n<\/tr>\n
Franklin Asian Equity Fund – Growth Plan<\/a><\/td>\n-0.04%<\/span><\/td>\n<\/tr>\n
Birla Sun Life International Equity Fund – Plan A – Growth – Regular Plan<\/a><\/td>\n-0.11%<\/span><\/td>\n<\/tr>\n
DSP BlackRock India T.I.G.E.R. Fund – Regular Plan – Growth<\/a><\/td>\n-0.17%<\/span><\/td>\n<\/tr>\n
Sundaram Growth Fund-Growth<\/a><\/td>\n-1.14%<\/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
Kotak Gilt-Investment Regular-Growth<\/a><\/td>\n+1.53%<\/span><\/td>\n<\/tr>\n
Kotak Gilt-Investment Provident Fund and Trust-Growth<\/a><\/td>\n+1.53%<\/span><\/td>\n<\/tr>\n
Kotak Bond-Plan A-Growth<\/a><\/td>\n+1.42%<\/span><\/td>\n<\/tr>\n
Kotak Bond-Deposit-Growth<\/a><\/td>\n+1.42%<\/span><\/td>\n<\/tr>\n
Principal Government Securities Fund-Growth<\/a><\/td>\n+1.40%<\/span><\/td>\n<\/tr>\n
ICICI Prudential Long Term Gilt Fund – Growth<\/a><\/td>\n+1.39%<\/span><\/td>\n<\/tr>\n
Reliance Gilt Securities Fund -Growth Plan – Growth Option<\/a><\/td>\n+1.34%<\/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
Birla Sun Life Constant Maturity 10 Year Gilt Fund – Growth – Regular Plan<\/a><\/td>\n+0.69%<\/span><\/td>\n<\/tr>\n
Kotak Corporate Bond Fund- Standard Plan-Growth Option<\/a><\/td>\n+0.67%<\/span><\/td>\n<\/tr>\n
JM Income Fund – Growth Option<\/a><\/td>\n+0.66%<\/span><\/td>\n<\/tr>\n
Kotak Coporate Bond Fund- Retail Plan-Growth Option<\/a><\/td>\n+0.65%<\/span><\/td>\n<\/tr>\n
Religare Invesco Bank Debt Fund – Growth Option<\/a><\/td>\n+0.57%<\/span><\/td>\n<\/tr>\n
IIFL Dynamic Bond Fund – Regular Plan – Growth Option<\/a><\/td>\n+0.55%<\/span><\/td>\n<\/tr>\n
Taurus Dynamic Income Fund – Growth Option<\/a><\/td>\n+0.52%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Institutional flows<\/h3>\n

FII’s seen renewing their love affair with Indian bonds…<\/p>\n

\"fii-investments.2014-01-01.2016-04-29\"<\/p>\n

\"dii-investments.2014-01-01.2016-04-29\"<\/p>\n

US Treasuries<\/h3>\n

Gilts are in the process of normalizing.
\n\"ust-ind-10yr-spread.2014-01-01\"<\/p>\n

Is spread between 2s and 10s calling a bluff on a Fed rate hike?<\/p>\n

\"ust-yield-curve.2s10s\"<\/p>\n

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

Chance plays a far larger role in life outcomes than most people realize. And yet, the luckiest among us appear especially unlikely to appreciate our good fortune. Wealthy people overwhelmingly attribute their own success to hard work rather than to factors like luck or being in the right place at the right time. <\/p>\n

That\u2019s troubling, because seeing ourselves as self-made\u2014rather than as talented, hardworking, and<\/em> lucky\u2014leads us to be less generous and public-spirited. It may even make the lucky less likely to support the conditions (such as high-quality public infrastructure and education) that made their own success possible.<\/p>\n

Source: Why Luck Matters More Than You Might Think<\/a><\/p>\n

What I read this month<\/h3>\n

What I Learned Losing a Million Dollars:
\n\"_20160501_111546\"<\/p>\n

Amazon<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Equities Major DAX(DEU) +0.74% CAC(FRA) +1.00% UKX(GBR) +1.08% NKY(JPN) -0.55% SPX(USA) +0.22% MINTs JCI(IDN) -0.14% INMEX(MEX) +0.12% NGSEINDX(NGA) -0.96% XU030(TUR) +2.39% BRICS IBOV(BRA) +7.81% SHCOMP(CHN) -2.18% NIFTY(IND) +1.44% INDEXCF(RUS) +4.38% TOP40(ZAF) +0.72% Commodities Energy Natural Gas +9.63% Brent Crude Oil +19.35% WTI Crude Oil +18.78% Ethanol +7.67% Heating Oil +16.52% RBOB Gasoline +12.21% Metals Gold … <\/p>\n","protected":false},"author":2,"featured_media":2047511,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1881],"class_list":["post-2047391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-your-money","tag-monthly","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2047391","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=2047391"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2047391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media\/2047511"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2047391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2047391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2047391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}