Source: van Eyk, Morningstar The above chart contains some performance statistics of a list of Australian share funds with at least a 5 year track record and were awarded an A-Rating by van Eyk this month. The A-rating is the second highest possible rating van Eyk award with the highest being AA…no Australian share fund achieved an AA …
Category Archive: Equities
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Mar 21
One Week Later – ASX200 generally unaffected by Japanese Tragedy
Source: Bloomberg The above chart shows the movement in the ASX200 over last week. It closed before the Japanese earthquake on Friday 11th March on basically the same level ot closed on Friday 18th. Given the market is slightly up today (0.35% at the time of writing) means that since the earthquake the Australian market …
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Mar 18
Commodity Prices Boom/Bust History
Source: www.macrobusiness.com.au Found the above chart on the brilliant Australian blog, www.macrobusiness.com.au, and its quite a frightening picture indeed. As the headline says, “at no time in the last 200 yeasr have commodity prices risen as fast and as high as in the last decade without a sharp decline”. When you throw in the fact …
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Mar 16
SPIVA Report – Active Managers Bad Year
My favourite investmnent returns report was released yesterday by Standard and Poors, their SPIVA Report. Its my favourite because unlike other investment return analysis/reports, this report takes into consideration investment fund survivorship. As many of us know, when an investment fund continues to underperform it typically closes never to be seen again and the reports …
Mar 03
Australian Government Bond Yields – Pretty Quiet…and other thoughts
I haven’t posted too often this year and the above chart pretty much shows why. This year, there hasn’t been too much change a not a great deal of interesting things to write about. Despite natural disasters, minority government, middle east issues, record food prices and climbing oil prices, our bond yields have been relatively …
Feb 23
VIX up 26% this morning
With all of the risks that exist in the global economy and political scene I’ve been amazed at how low equity market volatility has gotten in recent months. I also have to admit that my thoughts about current equity markets is that they are more momentum driven than any great fundamental reason so the only …
Jan 11
Bangladesh Share Market Crashes
As the chart shows above the Bangladesh share market crashed overnight recording around an 9% fall before the market closed early amid the panic. According to the BBC , after the market clsoed there were clashes in the streets from protesters opposing the closing of the market. Since December, the Bangladesh market has collapsed almost …
Jan 10
Australian Government Bond Yield Curve
First post in a while and the first for the new year, so I thought I’d start with a popular favourite…the Australian Government Bond Yield Curve. The above chart shows the changes in the yield curve over the pas 12 months and it certainly has been an interesting ride. Equities have been largely out of favour thanks …
Dec 15
S&P500 Appears Overvalued
The Shiller PE ratio has been a pretty useful guide over the years as to whether the US sharemarket in general is over or undervalued. The above chart shows this statistic to the end of November where it has the value of 21.8. Compared to its historic average (16.4) the S&P500 is around 33% overvalued …
Nov 24
Spain is the latest focus
Source: Bloomberg The above chart shows 10 year Spanish bond yields hitting record highs overnight…this intense acceleration of yields (or sell-off) is a pretty strong sign this Euro-Sovereign crisis is a long long way from over. Expect more volatility in sharemarkets yet as Spain carries more risk to Europe and the Global Economy than Ireland …