Monthly Archives: April 2016

Ranking T-Advisor: The best stocks and funds in April

What stocks and funds were the best in April? T-Advisor publishes its ranking taking into account the score. T-Advisor patented score provides an asset rating (bullish, neutral or bearish) based on key performance indicators and technical analysis.

The best shares in April were as it follows:

Company Score Perf. YTD Volatility Weekly VaR Market

EUROPE

Norcom Info Tech

10

178.55%

94.09%

-15.35%

Deutsche Boerse
Bet-at-home.com

10

41.91%

28.81%

-4.80%

Deutsche Boerse
Verbio

10

40.27%

57.80%

-11.08%

Deutsche Boerse
Mensch und Masch

10

36.24%

37.13%

-7.71%

Deutsche Boerse
Le Belier

10

32.67%

35.68%

-8.77%

Paris

USA/CANADA

Claude Resources

10

158.97%

45.61%

-7.35%

Toronto
Richmont Mines

10

95.95%

48.12%

-12.11%

Toronto
Supreme Inds

10

76.50%

47.20%

-9.24%

NYSE
Summit Financial

10

58.08%

22.20%

-3.66%

Nasdaq
Sciclone

10

43.15%

49.66%

-11.53%

Nasdaq

ASIA-PACIFIC

St. Barbara

10

56.49%

68.73%

-14.82%

Australia
Orocobre

10

41.30%

62.92%

-11.15%

Australia
Ono Yakuhin Kogyo

10

17.40%

34.13%

-8.81%

Tokyo
Shionogi

10

5.03%

29.99%

-5.10%

Tokyo
Clinvel Pharmaceutics

9.99

58.17%

37.05%

-6.99%

Australia

LATAM

Casagrande

9.61

122.86%

77.88%

-12.44%

Lima
Multifoods

9.55

129.03%

50.01%

-9.49%

Santiago de Chile
Alicorp

8.69

8.62%

32.05%

-7.71%

Lima
Luz del Sur

8.41

16.39%

29.89%

-7.41%

Lima
Graña y Montero

8.23

138.58%

73.92%

-12.18%

Lima

The best funds in April were as it follows:

Fund Score Perf. YTD Volatility Weekly VaR Managing company

EQUITY FUNDS

INVESCO NIPPON SMALL/MID CAP EQUITY FUND

9.58

9.07%

22.05%

-4.59%

Invesco
ALLIANZ US EQUITY FUND W (H-EUR)

8.51

3.56%

14.03%

-3.95%

Allianz
SISF US SMALL & MID EUR HG C ACC

8.49

6.22%

14.63%

-4.26%

Schroder
BK INDICE AMERICA FI

8.47

0.63%

17.21%

-4.75%

Bankinter
BANKIA BP INDICE S&P 500 FI

8.45

2.82%

14.65%

-4.41%

Bankia
R CAP US PREM EQ — SHS -IH EUR- — CAPITALISATION

8.44

1.08%

15.88%

-4.35%

Robeco

FIXED-INCOME

R CAP H Y BD DHC

8.76

6.55%

9.13%

-2.30%

Robeco
FF-GLB STRAT BD AC SEK HD

8.67

5.47%

5.09%

-0.77%

Fidelity
BLACKROCK PY ST-SBI

8.55

1.71%

7.87%

-1.74%

BlackRock
SCHRODER ISF EMERGING MARKETS DEBT I EUR HEDGED CAP

8.24

8.45%

4.71%

-0.70%

Schroder
AGIF EURO HY — SHS -AT (EUR)- — CAPITALISATION

8.14

3.17%

5.63%

-1.17%

Allianz
AWF US HY BD — SHS -A-EUR HEDGED (95%)- — CAPITAL…

8.08

5.20%

7.71%

-2.20%

AXA
PIM EM MK-E-EUR ACC

8.07

6.29%

7.78%

-2.16%

Pimco
SISF GLBL HIGH YLD EUR HDG I ACC

8.03

4.71%

6.61%

-1.49%

Schroder
NV PRE INC MUN FD 4

7.99

14.35%

14.17%

-2.32%

BlackRock
CIE BENR OPP IN — SHS -A-(USD)

7.90

3.11%

2.05%

-0.54%

Comp. B. Rothschild SICAV

Weekly market opportunities in T-Advisor: the best on April, 25th

T-Advisor updates weekly a list of market opportunities from several stock exchanges around the world. We sum up a selection of the best ones:

EUROPE

  • Fresenius Medical Care (Xetra). The world’s leading provider of products and services for people with chronic kidney failure.

Fresenius Medical Care main figures in T-Advisor

Fresenius Medical Care chart in T-Advisor

  • Lundin Petroleum (Stockholm). A Swedish independent oil and gas exploration and production company with core operations in Norway and South East Asia.

Lundin Petroleum main figures in T-Advisor

Lundin Petroleum chart in T-Advisor

AMERICAS

  • CCR Group (Sao Paulo). One of the largest infrastructure concessions groups in the world, with business in the areas of road concession, urban mobility and services.

CCR Group main figures in T-Advisor

CCR Group chart in T-Advisor

  • Toronto Dominion Bank (Toronto). The second largest Canadian bank by market capitalisation and one of the top 20 largest in the world.

Toronto Dominion Bank main figures in T-Advisor

Toronto Dominion Bank chart in T-Advisor

ASIA-PACIFIC

  • Hysan Development (Hong Kong). A leading property investment, management and development company in Hong Kong with a major portfolio of office, retail and residential properties.

Hysan Development main figures in T-Advisor

Hysan Development chart in T-Advisor

  • Australian Stock Exchange (Australia). Usually also known as Sydney Stock Exchange, it is a public company that manages the security exchanges in Australia.

Australian Stock Exchange main figures in T-Advisor

Australian Stock Exchange chart in T-Advisor

Find more opportunities from the main exchanges in the world on our module “Market opportunities” in T-Advisor.

Choose your financial target and create your strategy to achieve it

Investing is a serious activity. It is not lottery or gambling. When you invest, you do it with a specific financial target: your retirement, your house or just obtaining good returns for your money. In any case, you cannot choose your investments hazardously, but with a strategy.

T-Advisor investment planner main screen

The T-Advisor investment planner helps you select your target and obtain a strategy in four easy steps. In the module “My targets”, click on “New Plan” and the pop-up will propose you up to 7 different targets: investment, housing, studies, car, vacations, health and retirement. Every plan has its own specific settings to properly adapt the results.

Retirement plan settings

The system will ask you for your risk profile to select a comfortable strategy for you from conservative to dynamic. The risk is linked to the proportion of equities you are ready to accept in your portfolio. If you have doubts, the tool offers you an easy questionnaire to define it.

As a result, you obtain a projection with the expected returns and the best and worst scenarios. The tool also adds settings to evaluate the tax and inflation effects.

Investment planner projection

At the end, the system proposes you a generic allocation linked to product categories, not with specific funds, shares or ETFs. After that, you can create your own portfolio following this proposal.

Investment planner result

Does this kind of tools make sense? Absolutely. They are very helpful for every investor, as it show the chances of obtaining concrete results for a specific period. It is a tool to avoid false projections or dreams. In investing, it is important to be realistic, as you are using your own money. Investments are always risky and past performances do not guarantee future returns, as classic disclaimers insist. That is why investors have to use tools to plan and organise their portfolios.

One of the main troubles that we find in average investors is the absence of plans. They have money, but they do not know what to do with it or how to allocate it. This indecision has a negative effect: their money loses purchasing power and they do not profit from possible positive evolutions in the financial markets. They are losing in both ways.

With an investment planner, people can be aware of their chances to achieve the target, organise their finance globally, perceive the progress and change the strategy, if it is not working. This is the purpose that T-Advisor supports as a model: investors have the control over their financial decisions with the best tools for free.

Weekly market opportunities in T-Advisor: the best on April, 18th

T-Advisor updates weekly a list of market opportunities from several stock exchanges around the world. We sum up a selection of the best ones:

EUROPE

  • Veolia Environnement (Paris). A multinational company that operates in three fields traditionally managed by public institutions: water management, waste management and energy services.

Veolia Environnement main figures in T-Advisor

Veolia Environnement chart in T-Advisor

  • Unilever (Amsterdam). An Anglo-Dutch consumer goods company specialised in food, beverages, cleaning agents and personal care products.

Unilever main figures in T-Advisor

Unilever chart in T-Advisor

AMERICAS

  • CAPREIT (Toronto). One of Canada’s largest residential landlords with more than 45,000 units and operations in Canada and Ireland.

CAPREIT main figures in T-Advisor

CAPREIT chart in T-Advisor

  • Falabella SACI (Chile). The second largest retail company in Chile that owns 259 stores and 27 shopping malls between Chile and Peru.

Falabella SACI main figures in T-Advisor

Falabella SACI chart in T-Advisor

ASIA-PACIFIC

  • Borusan Mannesmann (Istanbul). One of the world’s leading steel pipe manufacturer.

Borusan Mannesmann main figures in T-Advisor

Borusan Mannesmann chart in T-Advisor

  • NTT (Tokyo). The third largest telecommunications company in the world in terms of revenue.

NTT main figures in T-Advisor

NTT chart in T-Advisor

Find more opportunities from the main exchanges in the world on our module “Market opportunities” in T-Advisor.

Model portfolios, the fashion product in investments

Model portfolios in T-Advisor

Model portfolio is one of the main fashion concepts in investments. They are mentioned everywhere and the roboadvisor trend has underlined them as a standard solution to offer easy and cheaper investment products with interesting returns.

In T-Advisor, model portfolios are far from being something new. We saw it clear since the beginning three years ago. One of our modules is specific to provide two different kind of them: ETF portfolios divided in different risk profiles and share portfolios divided in different markets.

Our modeling strategy is based on quantitative calculations. These are complex mathematical models that help detect investment opportunities mixing several indicators, as historical returns, volatility, trend, alpha, VaR, correlations… the data cocktail depends on the developer and the strategist, who work together to find the appropriate composition of this data mix in order to obtain the most interesting assets and the best performance.

In our case, our model portfolios play with two criteria: best performance and capital preservation. We look for good returns to overperform the market, but we also reduce losses compared with the reference indexes in bearish periods. To keep these goals, we review every second month the model portfolios to rebalance the assets that are not working as we wish.

Model portfolios are easy for customers: the structure is clear, they are based on a disciplined strategy and changes are seldom, in order to make adjustments in certain periods. However, they are not easy products for the companies that offer them, because they need strong calculation systems, as we have developed in T-Advisor. In addition, we cannot say that the machine work alone, but wealth managers monitor also the process, creating the strategy and analyzing possible changes. Although model portfolios are linked to roboadvisor, they are not totally robotic and they are used by traditional investment houses.

Model portfolios are flexible, because the wealth manager can design them taking into account different diversification, risk, assets, currencies or geographical areas. They are also easy to explain to investors, because they look like bespoke boxes.

Take a look at one example in T-Advisor: our Mexico portfolio, composed by 10 local shares. The 1-year performance was 22.69%.

Mexico model portfolio in T-Advisor

The Mexican IPC index had a 1-year performance of… 0,46%.

Mexican IPC index performance

This is a clear example of how a model portfolio works. Individual investors choose them because they are easy to understand and wealth managers, because they are easy to explain. Communication plays a very important role in finance and easy products provide more trustworthiness.

Market opportunities by T-Advisor: DSM

T-Advisor, through its tool Market Opportunities, has detected the company DSM, listed in Euronext Amsterdam as an opportunity for investment.

These are the main figures about performances and volatility in the last years:

Kon DSM main figures in T-Advisor

Kon DSM trend analysis in T-AdvisorThe chart shows the evolution in the last year:

Kon DSM chart in T-Advisor

Historical performance in T-Advisor

The technical analysis reveals also more data:

Technical analysis in T-Advisor

Relative performance vs. index in T-Advisor

Finally, the risk analysis is as it follows:

Kon DSM risk analysis in T-Advisor

DSM is a multinational Dutch corporation specialised in the fields of nutrition, health and materials. Originally a mining state-owned company, it evolved to a chemical enterprise that has focused in special ingredients for feed and food, personal care and industrial materials, amongst others.

DSM net sales in 2015 reached 8.9 bn euros, a 3.74% less than in 2014. Ebitda improved slightly up to 1,170 million euros, a 0.3% more. Finally, the profit excluiding exceptional items decreased a 7%, up to 92 million euros. The net profit per share was 0.45 euros.

Q1 confirms that instability is the rule in the markets

The closing of the Q1 in the markets confirms that this will be a complicated year for equities. The Great Crisis that the world lived since 2007-2008 is not ended at all, as there are some points of instability. Some of them are related to international politics: the shadow of terrorism, the wars in Middle East, the fight in the European Union and the US elections are some points to watch that affect the market evolution. However, there are also financial and economic troubles to solve: the ECB policies show that they are not enough to stabilise the European credit flows and return to some inflation, while the Federal Reserve stays cautious in the next steps to follow in its monetary policy. No one wants to be blamed of being a cause of a second big recession.

The T-Advisor charts show these statements. As we can see in the both charts below, comparing the general trend in global regions, there has been a positive evolution between the beginning of the year (above) and the end of the Q1 (below), but very slight apart from the Latam region:

T-Advisor global trends in January, 1st, 2016

T-Advisor global trends on April, 1st, 2016

If we check the evolution in each region, we can perceive much better the specific changes:

EUROPE

European stock exchanges evolution in Q1 2016

Besides the traditional parallel evolution amongst the European markets, it is also to underline that no main stock exchange registered positive returns YTD. The recovery from February was stopped by the instability created by the possibility of a Brexit (an independence of UK from the EU) and the terrorist attacks in Brussels, in the heart of the capital city of the European institutions. The ECB has also lots of troubles to make efficient their decisions, because its expansive policy has still no positive effects in the real economy to consolidate the general recovery.

AMERICAS

American stock exchanges evolution in Q1 2016

The trend is positive since the second half of January, but S&P Index was finally positive YTD in the last weeks of the Q1. The uncertainties related to the US election (no candidate is clearly heading the primary elections) and economic evolution make investors cautious. However, the announcement of the Fed about a delay in the next rate hikes was welcomed and consolidated the slight bullish trend.

The market behaviour was better in the emerging countries, although some evolutions are very linked to national decisions. For instance, the evolution of Argentinian Merval in March was erratic because of the agreement with the creditor funds, which was not totally assessed as positive by investors. In the case of Brazil, the cases of corruption in the Government have determined the ups and downs in Bovespa.

ASIA

Asian stock exchanges evolution in Q1 2016

The biggest markets (Shanghai and Tokyo) are really bearish and sum a very negative YTD return in this Q1. In China, the bubble broken last summer produced a hard landing in which the market is still moving. The trend is erratic or, better said, there is no trend. In Japan, there are worries about the global evolution, because the country has a great support from its exports. The doubts about the economy, underlined by the low oil price, and the instability of the exchange rate with the dollar are two hard reasons to be wary.

What can we expect in the Q2? We do not like to make any prediction or copy what others expect, but we prefer to alert about some relevant issues:

  • Look at the oil price: it is linked with the global activity.
  • Follow the Fed and ECB decisions: the Fed is progressively hawkish and the ECB should be more dovish to push the credit flow and inflation in the Eurozone.
  • Watch the Q1 profits of the companies, because they provide a guide about the economic activity.
  • Be wary about emerging markets: the dollar evolution (if the Fed hike the rates) can be negative for them.

Weekly market opportunities in T-Advisor: the best on April, 4th

T-Advisor updates weekly a list of market opportunities from several stock exchanges around the world. We sum up a selection of the best ones:

EUROPE

  • Oriola KD (Helsinki). A pharmaceutical company that provides its products and services to other companies of the same branch.

Oriola KD main figures in T-Advisor

Oriola chart in T-Advisor

  • GN Store Nord (Copenhague). A manufacturer of hearing instruments, audiological diagnostics equipments and headsets.

GN Store Nord main figures in T-Advisor

GN Store Nord chart in T-Advisor

AMERICAS

  • Thomson Reuters (Toronto). A major multinational mass media and information company specialised in financial news resulting from the merge of the Canadian Thomson and the British Reuters.

Thomson Reuters main figures in T-Advisor

Thomson Reuters chart in T-Advisor

  • Banco Santander Chile (Chile). The Chilean subsidiary of the main Spanish banking group.

Banco Santander Chile main figures in T-Advisor

Banco Santander Chile chart in T-Advisor

ASIA-PACIFIC

  • Aselsan (Istanbul). A corporation that produces tactical military radios and defense electronic systems for the Turkish Armed Forces.

Aselsan main figures in T-Advisor

Aselsan chart in T-Advisor

  • Shenzen Expressway (Hong Kong). A construction company specialised in building roads and highways and manage tolls.

Shenzen Expressway main figures in T-Advisor

Shenzen chart in T-Advisor

Find more opportunities from the main exchanges in the world on our module “Market opportunities” in T-Advisor.