Category Archives: News

The future is now: artificial intelligence and wealth management

Think about this situation. Imagine that you are client of any wealth manager and the staff sends you a report about the best chances for your investments, with recommendations and comments to obtain the best performance. Then, you talk to a friend, who is also client of the same wealth manager and you both comment about the report. You discover that both reports are personalised and are not the traditional recommendations’ standardised reports that these entities publish regularly. Each one have personalised information and you both discover that the entity has used your full data to design the best report to meet your needs. Then, you explain your friend several changes in your investments. Both have the same risk profile, but your portfolios (and the historic operations) have nothing to do to another.

The example could be larger, but it is enough to introduce the changes that we will live soon in the wealth management branch. The expression behind these changes is artificial intelligence. Shortened as AI, it is not a Steven Spielberg film. It is far from fiction, because it is reality. The learning capability of machines increased exponentially in the last years and the soar will keep on. There is a combination of big data analysis, natural language and machine learning. Big data analysis provides the capability of learning better not only about the customer, but also about any trend that goes around him. Natural language allows machines to interpret and generate spoken and written language. Machine learning uses algorithms that can learn and make predictions on data.

This will be the mix that we will see growing in the next years. The transformation will be deep in the whole financial sector. Currently, a 26% of assets and wealth manager firms already use AI to inform the next big decisions, according to PricewaterhouseCoopers. Money is flowing increasingly there, because all agree that this will be the next step for fintech business.

For instance, natural language processes will help comply better with regulations, as machines will learn immediately the changes and adaptations will be easier in platforms. This will also has a very relevant collateral effect managing risks more efficiently. The client will obtain a high-improved user experience with new interfaces. The advisor tasks will focus in asset gathering and portfolio monitoring. They will also become more responsive to client needs and increase the added value of their services.

Robo-advisor in the first deep step in this change. There will be further changes with a greater automation. Robo-advisors and human advisors will experience several transformations in their tasks and roles against clients. They, the clients, will be winners and the only losers will be entities (not only human, also fintech) that will not adapt to the new wave.

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

Masmovil

10

74.10%

28.46%

-4.05%

Mercado Alternativo
Interpump Group

10

56.59%

21.78%

-3.43%

Mercato italiano
Ipsen

10

55.53%

23.70%

-4.48%

Paris
Koenig & Bauer

10

49.11%

28.11%

-4.62%

Deutsche Boerse
Biesse

10

47.86%

29.74%

-5.45%

Mercato italiano

USA-CANADA

Nutrisystem

10

54.26%

40.49%

-5.30%

Nasdaq
Panera Bread

10

52.46%

25.68%

-3.87%

Nasdaq
Melco Crown

10

38.05%

37.25%

-9.67%

Nasdaq
China Lodging

10

36.92%

34.41%

-4.94%

Nasdaq
CR Bard

10

36.86%

22.82%

-2.81%

NYSE

ASIA-PACIFIC

Melco Internat.

10

51.80%

35.96%

-6.26%

Hong Kong
Aristocrat Leisure

9.67

26.71%

26.37%

-2.82%

Australia
Tokyo Electron

9.61

17.38%

28.92%

5.34%

Tokyo
Haier Electronics

9.55

48.03%

35.66%

-6.49%

Hong Kong
Minebea

9.55

46.99%

44.06%

-8.31%

Tokyo

LATAM

Matriz

7.71

26.87%

18.18%

-2.88%

Santiago de Chile
Masisa

7.59

28.45%

47.93%

-11.81%

Santiago de Chile
Socovesa

7.22

55.41%

34.37%

-4.91%

Santiago de Chile
Ripley Corp.

7.10

22.97%

24.01%

-2.22%

Santiago de Chile

The best funds in April were as it follows:

Fund Score Perf. YTD Volatility Weekly VaR Managing company

EQUITY

JPMORGAN FUNDS – EUROPE DYNAMIC SMALL CAP FUND/D/EUR

9.74

16.81%

11.52%

-2.84%

JP Morgan
JPMORGAN FUNDS – EUROPE TECHNOLOGY FUND/D/GBP

9.65

15.53%

15.83%

-3.40%

JP Morgan
AXA WF FRM EUROZONE M CAP EUR EUR/-/EUR

9.63

9.95%

13.57%

-2.72%

AXA
BLACKROCK BGF – SWISS SMALL , MIDCAP OPPORTUNITIES/…

9.60

20.05%

8.91%

-2.04%

BlackRock
JPMORGAN FUNDS – EUROLAND EQUITY FUND/A/EUR

9.58

10.89%

12.84%

-2.96%

JP Morgan
DWS AKTIEN STRATEGIE DEUTSCHLAND/A/EUR

9.58

12.79%

15.53%

-3.00%

Deutsche Asset
AXA WF FRM EURO RELATIVE VALUE M CAP EUR EUR/-/EUR

9.55

9.35%

13.77%

-2.62%

AXA
SCHRODER ISF – EURO EQUITY/A/EUR

9.54

10.95%

11.93%

-3.00%

BlackRock
FF – IBERIA FUND/A/EUR

9.54

16.02%

12.76%

-3.22%

Fidelity
FF – FRANCE FUND/A/EUR

9.54

9.52%

13.08%

-2.95%

Fidelity

FIXED INCOME

AVIVA INVESTORS – GLOBAL HIGH YIELD BOND FUND/A/GBP

9.65

7.57%

23.07%

-1.28%

Aviva
AVIVA INVESTORS – GLOBAL CONVERTIBLES FUND/D/GBP

9.62

8.94%

23.51%

-1.73%

Aviva
AVIVA INVESTORS – EMERGING MARKETS BOND FUND/D/GBP

8.79

0.02%

25.99%

-2.00%

Aviva
BKRK MNYD PA QT – SHS OF BENEF INTEREST/-/USD

8.55

1.71%

7.87%

-1.74%

BlackRock
FTIF – TEMPLETON GLOBAL TOTAL RETURN FUND/A/PLN

8.06

3.79%

10.00%

-2.62%

Franklin Templeton
ALLIANZ GIF – US HIGH YIELD/A/PLN

8.04

2.99%

4.35%

-0.96%

Allianz
AURUM RENTA VARIABLE FI/-/EUR

8.03

6.27%

9.83%

-2.50%

Popular Gestión

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

What stocks and funds were the best in March? 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 March were as it follows:

Company

Score Perf. YTD Volatility Weekly VaR

Market

EUROPE

Masmovil

10

42.86%

26.31%

-3.66%

Mercado Alternativo
Interpump Group

10

40.19%

19.97%

-3.43%

Mercato italiano
Banca Ifis

10

38.19%

40.65%

-6.80%

Mercato italiano
Ipsen

10

36.48%

21.94%

-4.48%

Paris
Galapagos

10

33.87%

35.27%

-7.44%

Brussels

USA-CANADA

Activision Blizzard

10

38.08%

26.95%

-4.12%

Nasdaq
Sinclair

10

21.44%

30.49%

-6.72%

Nasdaq
Idexx Labs

10

31.84%

25.95%

-4.18%

Nasdaq
Micron Technology

10

31.84%

36.48%

-6.32%

Nasdaq
Cognex Group

10

31.96%

28.68%

-5.00%

Nasdaq

ASIA-PACIFIC

Geely Auto

10

60.59%

35.16%

-7.66%

Hong Kong
Minebea

10

35.49%

46.73%

-8.31%

Tokyo
Alps Electric

9.95

11.64%

48.44%

-10.31%

Tokyo
Hino Motors

9.94

13.19%

36.47%

-7.52%

Tokyo
Yasukawa Denki

9.93

22.88%

25.86%

-5.53%

Tokyo

LATAM

Multifoods

9.95

47.32%

30.77%

-5.52%

Santiago de Chile
Banmedica

9.07

23.81%

24.55%

-4.32%

Santiago de Chile
Embonor

8.93

21.34%

22.46%

-4.97%

Santiago de Chile
SM Banco Chile

8.05

8.27%

9.35%

-1.93%

Santiago de Chile
Aguas Andinas

7.94

11.69%

22.38%

-4.88%

Santiago de Chile

The best funds in March were as it follows:

Fund

Score Perf. YTD Volatility Weekly VaR

Managing company

EQUITY

INVESCO FUNDS SERIES – ASIAN EQUITY FUND/A/EUR

9.72

12.47%

14.22%

-2.57%

Invesco
JPMORGAN FUNDS – EUROPE TECHNOLOGY FUND/D/GBP

9.65

12.62%

15.49%

-3.59%

JP Morgan
BLACKROCK BGF – WORLD TECHNOLOGY/A/GBP

9.64

14.34%

16.91%

-5.46%

BlackRock
INVESCO FUNDS SICAV – NIPPON SMALL/MID CAP EQUITY F…

9.60

7.23%

22.66%

-7.33%

Invesco
FTIF – FRANKLIN INDIA FUND/A/EUR

9.55

17.85%

14.97%

-3.36%

Franklin Templeton
ALLIANZ GIF – EUROPE EQUITY GROWTH/A/PLN

9.49

8.75%

12.39%

-3.18%

Allianz
FF – IBERIA FUND/A/EUR

9.42

11.63%

12.73%

-3.22%

Fidelity
BLACKROCK BGF – SWISS SMALL , MIDCAP OPPORTUNITIES/…

9.31

11.99%

8.18%

-2.04%

BlackRock

FIXED INCOME

BBVA CRECIMIENTO EUROPA DIVERSIFICADO FI/-/EUR

8.91

7.23%

9.15%

-1.94%

BBVA
FTIF – TEMPLETON GLOBAL TOTAL RETURN FUND/A/PLN

8.68

4.51%

10.57%

-2.62%

Franklin Templeton
FTIF – TEMPLETON EMERGING MARKETS BOND FUND/A/USD

8.57

7.73%

9.25%

-1.89%

Franklin Templeton
BKRK MNYD PA QT – SHS OF BENEF INTEREST/-/USD

8.55

1.71%

7.87%

-1.74%

BlackRock
ABERDEEN GLOBAL – SELECT EMERGING MARKETS BOND FUND…

8.27

5.13%

6.98%

-1.76%

Aberdeen
INVESCO FUNDS SERIES 2 – EMERGING MARKETS BOND FUND…

8.15

3.65%

7.08%

-1.49%

Invesco
AVIVA INVESTORS – GLOBAL CONVERTIBLES FUND/D/GBP

8.13

4.21%

24.65%

-2.28%

Aviva
FTIF – TEMPLETON GLOBAL HIGH YIELD FUND/A/EUR

8.12

1.72%

8.66%

-1.71%

Franklin Templeton
CS IF 14 CREDIT SUISSE LUX HIGH YIELD BOND/A/USD

8.08

4.81%

3.81%

-0.58%

Credit Suisse
FF – ASIAN HIGH YIELD FUND/A/USD

8.04

3.53%

2.93%

-0.45%

Fidelity

 

Looking for signals: are we living a trend change in Dow Jones?

There have been many comments about the bullish trend in Dow Jones after the election of Donald Trump as US president. The US index reached the maximum 20,000 mark after the Inauguration Day very quickly. The given explanation is that Trump plans and market reaction remembered the first Reagan term in the 1980’s. The current debate is if the bullish trend will keep on or not. There are already pundits that have spoken about a dramatic crash, but in T-Advisor, we prefer to consider figures instead of opinions.

First of all, we have to consider two main points:

  • It is not possible to predict the future.
  • Past performances do not guarantee future ones.

Although they are broadly known, it is useful to remember both, as people take some prospects as immediate reality, but they aren’t.

Let’s look at some technical analysis references in the Dow Jones chart in T-Advisor:

Dow Jones chart in T-Advisor

Technical analysis specialists usually consider that:

  • When two MACD cross from up to down, there is a possibility of negative change of trend. This happened at the beginning of March.
  • When the line crosses a Bollinger Band, investor should look at a repetition of this crossing. If it repeats, there is a possibility of trend change. The first crossing happened some days ago in the lower band.

On the other hand, if we make a bootstrapping analysis of the Dow Jones for the next year, this is the result:

Dow Jones bootstrapping in T-Advisor

The distribution of the possible performance is the following:

Cumulative returns distribution of the Dow Jones for 2017

There is 66% of probability that the Dow Jones close the year with a positive performance. The main result is between -0.4% and 6.4%. Negative results consider 33% of probability from -0.4% and -34%.

Other figures found out in the T-Report of Dow Jones are that the volatility is 9.50%, which is low compared with other indexes and the VaR 1-week is 1.54%, that shows also a low result.

How can we consider these figures? Well, there are some technical signals that might provide the idea that there is a change of trend. The current volatility and VaR shows that the movements are not dramatic in this moment. Finally, the bootstrapping analysis is more biased to a positive result than to a negative one in the next year.

In any case, figures only show probabilities, not certainties. In a short-term vision, following the day-to-day signals is relevant. In our long-term perspective, the relevance of this analysis is relative to the moment in which the investor thinks to rebalance his or her portfolio or decide to change the assets he or she invests in.

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

What stocks and funds were the best in February? 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 February were as it follows:

Company Score Perf. YTD Volatility Weekly VaR Market

EUROPE

Verbio

10

82.02%

43.49%

-11.12%

Deutsche Boerse
Fasasoft

10

43.98%

26.11%

-5.38%

Deutsche Boerse
Sinnerschrader

10

38.77%

31.91%

-6.60%

Deutsche Boerse
Ipsen

10

26.20%

23.17%

-5.71%

Paris
Melexis

10

26.14%

25.84%

-5.73%

Brussels

USA-CANADA

The Medicines

10

54.45%

45.92%

-7.80%

Nasdaq
Cynosure

10

44.74%

37.66%

-6.08%

Nasdaq
Netease.com

10

41.66%

31.42%

-6.11%

Nasdaq
Marketaxess

10

32.88%

27.66%

-4.92%

Nasdaq
Incyte

10

32.74%

38.80%

-9.70%

Nasdaq

ASIA-PACIFIC

Geely Auto

10

42.51%

34.76%

-7.66%

Hong Kong
Minebea

10

31.84%

49.41%

-8.31%

Tokyo
Tosoh

10

18.74%

36.23%

-6.53%

Tokyo
CSL

10

17.38%

22.98%

-5.04%

Australia
Yasukawa Denki

10

15.84%

27.86%

-6.02%

Tokyo

LATAM

Forus

9.06

7.75%

28.89%

-7.02%

Santiago de Chile
Embonor

8.80

4.74%

23.23%

-4.97%

Santiago de Chile
Parque Arauco

8.77

6.92%

17.02%

-2.92%

Santiago de Chile
Paz Corp.

8.26

12.50%

31.27%

-6.90%

Santiago de Chile
Alicorp

8.24

5.34%

24.41%

-4.01%

Lima

The best funds in February were as it follows:

Fund Score Perf. YTD Volatility Weekly VaR Managing company

EQUITY

INVESCO FUNDS SERIES – ASIAN EQUITY FUND/A/EUR

9.72

12.47%

14.22%

-2.57%

Invesco
FF – NORDIC FUND/D/SEK

9.69

7.46%

15.79%

-2.16%

Fidelity
FRNKLN IND BLUE – UNITS – GROWTH/-/INR

9.68

8.96%

11.96%

-2.18%

Franklin Templeton
INVESCO FUNDS SICAV – NIPPON SMALL/MID CAP EQUITY F…

9.67

4.77%

23.34%

-7.33%

Invesco
ALLIANZ INST. INV. SERIES – EUROPEAN MICRO CAP/A/EUR

9.65

9.15%

13.49%

-1.82%

Allianz
DSP BR 100 EQ – UNITS – REGULAR GROWTH/-/INR

9.64

9.67%

13.90%

-3.10%

BlackRock
FTIF – TEMPLETON EMERGING MARKETS SMALLER COMPANIES…

9.62

9.34%

11.16%

-2.29%

Franklin Templeton
FTIF – FRANKLIN TECHNOLOGY FUND/A/USD

9.61

9.95%

13.05%

-2.70%

Franklin Templeton
BANKINTER EEUU NASDAQ 100, F.I.

9.56

9.17%

12.23%

-2.96%

Bankinter

FIXED INCOME

AVIVA INVESTORS – GLOBAL HIGH YIELD BOND FUND/A/EUR

9.55

2.68%

10.42%

-1.32%

Aviva
AVIVA INVESTORS – EMERGING MARKETS BOND FUND/A/EUR

8.93

3.58%

8.60%

-1.89%

Aviva
ABERDEEN GLOBAL II – AUSTRALIAN DOLLAR BOND FUND/A/AUD

8.86

0.71%

4.24%

-1.10%

Aberdeen
AVIVA INVESTORS – GLOBAL CONVERTIBLES FUND/A/EUR

8.68

3.31%

13.20%

-1.85%

Aviva
BKRK MNYD PA QT – SHS OF BENEF INTEREST/-/USD

8.55

1.71%

7.87%

-1.74%

BlackRock
FTIF – TEMPLETON GLOBAL TOTAL RETURN FUND/A/PLN

8.40

1.92%

10.87%

-2.62%

Franklin Templeton
ALLIANZ GIF – US HIGH YIELD/A/PLN

8.38

2.20%

10.12%

-0.96%

Allianz

Ideas to survive with your investments in political risky times

Investments: bearish against bullish

The current year has been commented several times as a year in which political risks will play a role: Brexit, Trump, elections in France and Germany, amongst others. We usually think in other kind of risks when we speak about investments, but in this case it is possible that we have to consider the political factor.

Anyway, we want to obtain the best returns with the lower risk. How could you move your assets in 2017 with this scenario?

First of all, check yourself. No, we do not speak about your health, but about your financial needs and plans. Do your budget, organise a cash flow, analyse your expenditures and think about your financial goals.

Secondly, analyse quietly your portfolio. Is it correctly diversified? Have you recently checked the evolution and consider a rebalance? It is important to take into account that diversification is not a matter of number of securities or different kind of them (equities, fixed-income…). It has more to do with avoiding correlations and considering factors. What does factor here mean? Think about that you have different kind of securities from UK. If all your investments are connected with this country, you have the Brexit factor and this political issue will condition the returns. That needs a wide view over the reality.

Thirdly, in order to choose the best assets for your portfolio in uncertain times, remember to check some figures, as:

  • Trading volume and liquidity: it is very relevant that the asset has a high trade rate and it is easy to sell, in order to avoid counterparty risks.
  • Volatility: the higher it is, the higher is the risk that you have to deal with deep price changes.
  • Past performance and bootstrapping: it is true that past returns do not guarantee future ones, but an analysis of the past trend combined with a forward testing with a bootstrapping tool can be helpful to select better securities for your portfolio.
  • Correlation with its benchmark: this is quite important, even more if the market is risky.

Finally, the main rule for investors in uncertain times (as we are living now) is common sense. Invest only the money left, not the amount to pay your mortgage, think about how regular and safe are your incomes and be reasonable with your goals.

After the surprises in 2016, what can we expect for 2017?

Evolution of the main markets in 2016

Did you have fun this year? Well, it was not very bad, because there was some rollercoaster in the stock exchanges: Brexit, the unexpected victory of Donald Trump for the US presidency, the recent rate hike by the Fed, the Italian referendum or the ECB announcement about the cut of the money fuel have been some of the “funny” events for the markets.

We are now at the end of the year with the sight on 2017. What can we expect? Certainly, there are some people who do not believe in financial predictions, because they are usually wrong, as Barry Ritholtz jokes in this post. Others make also fun about it with the outrageous predictions, as Saxo Bank has positioned in the last years.

Others keep on doing some forecast about probable, but not sure, evolutions of the markets. For instance, Black Rock perceives three main trends:

  • Accelerating reflation in US
  • Low returns in investments that will force investors to more risky assets, as equities or alternatives.
  • Dispersion, with a widen gap between winners and losers in the stock markets.

The main risks for Black Rock are related to politics: the Brexit negotiation, the Trump agenda in US or the next elections in France and Germany are some critical points.

The forecasts by Goldman Sachs coincide partially with Black Rock, because the main ideas are: higher growth but higher risks and slightly higher returns.

The list could be longer, but there are some common points: investors perceive that politics will play a big role next year and will influence the market evolution and people will have to move to more risky assets. Monetary policy and currency evolution will also main themes, as they will condition trade and bonds.

Yes, predictions are usually wrong, but we cannot avoid reading them, because, somehow, experts are anticipating probable trends. Investor: Be ready for risky times.

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

What stocks and funds were the best in November? 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 November were as it follows:

Company Score Perf. YTD Volatility Weekly VaR Market

EUROPE

Sinnerschrader

9.94

26.70%

30.98%

-7.49%

Deutsche Boerse
Trigano

9.86

25.95%

31.51%

-6.30%

Paris
Orion Corp.

9.81

25.99%

19.03%

-5.39%

Helsinki
Chargeurs

9.77

76.22%

25.89%

-6.13%

Paris
Thales

9.76

33.59%

21.40%

-3.42%

Paris

USA-CANADA

MSK Instruments

10

61.81%

24.99%

-6.71%

Nasdaq
Time Warner

10

43.67%

25.88%

-5.00%

NYSE
PTC

10

43.32%

25.79%

-6.14%

Nasdaq
Reinsurance Group

10

42.51%

18.10%

-3.90%

NYSE
T-Mobile US

10

41.59%

24.81%

-5.54%

Nasdaq

ASIA-PACIFIC

Geely Auto

10

93.22%

38.41%

-8.36%

Hong Kong
Galaxy Enterteinment

10

53.78%

34.68%

-7.01%

Hong Kong
Nissan Chemical Industries

9.92

39.04%

27.41%

-7.28%

Tokyo
Lion Corp.

9.82

62.41%

41.30%

-9.06%

Tokyo
Asahi Kasei Corp.

9.74

23.10%

31.04%

-6.06%

Tokyo

LATAM

Grupo Security

9.15

26.90%

19.48%

-3.92%

Santiago de Chile
SM Banco Chile

9.10

14.48%

12.25%

-3.07%

Santiago de Chile
Cerro Verde

8.64

41.45%

41.48%

-7.26%

Lima
Capsa

8.58

213.19%

41.05%

-8.31%

Santiago de Chile
Edelnor

8.47

9.09%

27.63%

-4.53%

Lima

The best funds in November were as it follows:

Fund Score Perf. YTD Volatility Weekly VaR Managing company

EQUITY

JPMORGAN FUNDS – AMERICA MICRO CAP FUND

9.65

20.33%

15.96%

-4.71%

JP Morgan
EDMOND DE ROTHSCHILD FUND – US VALUE , YIELD – A

9.57

22.41%

24.56%

6.46%

Edmond de Rothschild
AXA ROSENBERG US SMALL CAP ALPHA FUND CLASS A USD ACCM

9.55

16.53%

18.85%

-4.17%

AXA
M&G NORTH AMERICAN DIVIDEND FUND – C – EUR – ACC

9.39

17.71%

17.54%

-4.56%

MG Investments

FIXED INCOME

CS BOND FUND LUX HIGH YIELD USD I CAP

8.77

11.19%

5.75%

-1.83%

Credit Suisse
CARMIGNAC PORTFOLIO GLOBAL BOND

8.61

10.07%

5.33%

-0.96%

Carmignac
BLACKROCK PY ST-SBI

8.55

1.71%

7.87%

-1.74%

BlackRock
FTIF – TEMPLETON GLOBAL TOTAL RETURN FUND A(ACC) EUR

8.52

4.53%

16.77%

-4.56%

Franklin Templeton
FF-ASIAN HIGH YIELD Y

8.49

13.48%

4.35%

-1.04%

Fidelity
JPM INCOME OPPORTUNITY PLUS A (ACC) – USD

8.46

7.25%

4.01%

-0.96%

JP Morgan

 

What will Donald Trump bring to the markets?

It happened. Nobody expected (really) that an outsider as Donald Trump could win the election for the presidency against the candidate of the establishment, Hillary Clinton. But Trump will swear his charge as the 45th president of the USA in Washington next January. What will he bring to the markets?

The first reaction but all except negative. S&P 500 and Dow Jones went up in the following days after the election. The rise has been around 2% in this period.

S&P 500 chart in T-Advisor

S&P 500 chart in T-Advisor

Dow Jones chart in T-Advisor

Dow Jones chart in T-Advisor

Trump has campaigned for an expansive economic model. He underlined this idea in the address after the victory, because he insisted in rebuilding infrastructures. Maybe, markets have chosen to look the positive part of the Trump proposals, as NY Times comments. The positive reaction was not only in equities, but also in bonds. The position commented in Black Rock put the accent in the possible reflation if new administration confirms the Trump programme.

The effects were not so nice in other world regions. For instance, Latam received a hit and the markets (above all, Argentina and Brazil) dropped dramatically. The worst result was in the Mexican market, with a loss of 6.7% in the last 7 days. There are fears about the next decisions related to Mexico and Latam from USA, above all what refers to immigration and free trade.

Mexico IPC chart in T-Advisor

Mexico IPC chart in T-Advisor

We are not trying to predict the future. Markets usually have their own way to welcome a president. In this case, the result was positive, but it does not mean that there will be a bubble, as some say, or it will be the next crash. For sure, there will be several changes compared with the Obama Administration. Trump has also the support of the US Congress, as Republicans have the majority in both houses and this can push their economic decisions. We will comment next year to contrast the initial perceptions and the reality.

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

What stocks and funds were the best in October? 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 October were as it follows:

Company Score Perf. YTD Volatility Weekly VaR Market

EUROPE

Borussia Dortmund

10

45.14%

22.75%

-4.78%

Deutsche Boerse
Galapagos

10

5.13%

49.36%

-12.49%

Brussels
Trigano

10

12.91%

33.31%

-5.95%

Paris
Teleperform

9.96

24.21%

21.89%

-4.87%

Paris
Euro Scientific

9.85

27.11%

30.31%

-5.68%

Paris

USA-CANADA

Spectra Energy

10

76.27%

30.09%

-4.64%

NYSE
Finisar

10

102.82%

38.74%

-7.56%

Nasdaq
Netease.com Inc

10

46.62%

36.97%

-10.71%

Nasdaq
Dominos Pizza

9.96

48.13%

28.41%

-4.54%

NYSE
CBS Corp.

9.89

20.48%

24.91%

-6.68%

NYSE

ASIA-PACIFIC

Geely Auto

10

113.08%

38.05%

-8.17%

Hong Kong
Lion Corp.

10

50.17%

39.77%

-7.28%

Tokyo
Challenger Financial Services

9.99

20.30%

30.27%

-7.08%

Australia
Morinaga

9.83

51.56%

43.02%

-9.06%

Tokyo
China Pharm

9.74

3.54%

32.37%

-6.13%

Hong Kong

LATAM

Hortifrut

10

130.77%

25.31%

-1.62%

Santiago de Chile
Empresas Hites

10

96.85%

27.70%

-4.57%

Santiago de Chile
Parque Arauco

9.78

42.74%

19.39%

-3.53%

Santiago de Chile
Multifoods

9.77

216.37%

45.94%

-6.05%

Santiago de Chile
Banco Crédito Inversión

9.76

26.05%

14.72%

-2.81%

Santiago de Chile

The best funds in October were as it follows:

Fund Score Perf. YTD Volatility Weekly VaR Managing company

EQUITY

M&G JAPAN SMALLER COMPANIES FUND – C – EUR – ACC

9.58

15.34%

19.46%

-4.47%

M&G Investments
ALLIANZ RCM INDONESIA A EUR

9.50

23.21%

30.24%

-5.80%

Allianz
ALLIANZ EUROPEAN MICRO CAP IT EUR

9.47

0.80%

14.84%

-3.76%

Allianz
JPMORGAN FUNDS – JAPAN EQUITY FUND – A – USD – DISTR

9.36

7.01%

23.43%

-6.16%

JP Morgan

FIXED INCOME

FTIF – TEMPLETON EMERGING MARKETS BOND FUND – I – U…

9.15

11.40%

11.08%

-2.42%

Franklin Templeton
FTIF – FRANKLIN HIGH YIELD FUND – I – USD – ACC

9.06

18.26%

9.65%

-2.25%

Franklin Templeton
SISF GLBL INF LKD BD USD HDG C ACC

8.88

12.21%

5.51%

-1.04%

Schroder
FTIF – TEMPLETON GLOBAL TOTAL RETURN FUND A(ACC) EUR

8.87

3.34%

15.71%

-4.11%

Franklin Templeton