Extras RouteMap: Market Profiles

A sample report on an alternative asset class

 

Contextual help is also provided when subscribers select a Profile

 

ETF specialising in Demo Asset Classes listed at bottom of market profiles

 

Countries & Regions

 

 

 

DEMO ASSET CLASS
See Notes at Right of Page       Month End: mmm yyyy
Example of an Extras Profile
 
Forecasts Summary Opinions History Structure Funds
           
Earnings Forecasts Since 1986 2010 a 2011 a 2012 e 2013 e
Index (31/12/1994=100)   186.9 227.7 270.8 122.0
Change (%) 5% 8% -1% -3% 11%
Real Change (%) 1% 6% -4% -5% 9%
Relative Change (%) -3% 4% 5% -3% 2%
Summary These hedge funds in aggregate they reflect movements in underlying bond markets, because running returns are generated by taking long positions in higher yield / lower quality issues while shorting lower yield / higher quality issues.
   Our indices are a combination of publicly available indices, after adjustment for survivorship and self-selection biases.
  After Wall Street became highly volatile after the Millennium bubble burst in 2000, hedge funds benefitted from the search by both private and institutional investors for pension and sovereign wealth funds for alternative assets with good returns but little volatility
Investment Opinions   Local Region Global  
    Investors Investors Investors  
  Recommended Action Add Add Buy  
           
Trend Strategies Forecast Revisions Sell Sell Sell  
  Liquidity Trends Sell Sell Sell  
  Chart Analysis Sell Sell Buy  
  Seasonal Patterns Buy Buy Buy  
           
Investor Sentiment Opinion (12 Months) Sell Sell Hold  
           
Valuation Ratios Real Yield (%) Trim Trim Sell  
  BAA-AAA Yield Spread Hold - -  
           
Key Historical Events September-11 Euro-Zone Govt. Debt Crisis
  August-11 US zero interest rates to stay till end 2012
  November-10 EU Alternative Funds Directive
  July-10 US Dodd-Frank Act
  December-09 Record 260 companies globally default
           
History Hedge Funds performed well in their early years - or at least appeared to do so, till indices are adjusted for survivorship. However in the global financial crisis these funds failed to act independently of underlying bond markets and subsequently performed poorly.

The only significant setbacks to this sector were the global financial crisis in 2008 and the Euro-Zone crisis in 2011.
Structure The hedge fund industry is divided into four main sub-sectors, namely bond & credit, event-driven, equity long/short and global macro. In addition there are multi-strategy funds and an extra layer of fund of funds.

Indices of hedge funds are not reliable indicators of past performance because they suffer from both survivorship and self-selection biases. More reliable indications of performance are represented by quoted hedge fund ETF.
Key Indicators Local Investors:          Composite Economic Indicator for Hedge Funds
Regional Investors:    Composite Economic Indicator / Regional Market Indicator
Global Investors:        Composite Economic Indicator / Global Asset Class Indicator
Funds Available Sponsor Symbol Listing Type Liquidity
           
Demoland Fund Active Fund Management XXX NYSE Active **
           
Copyright © 2012: Investors RouteMap Ltd., an Appointed Representative of Integral Asset Management Ltd, which is authorised and regulated by the Financial Services Authority to carry out investment business in the United Kingdom. Please read Financial Health Warning and Licence Agreement. UK laws apply exclusively. Principal sources: Consensus Economics, CFTC, FIBV, Global Financial Data, national governments and stock exchanges. Information and opinions are based on sources believed to be reliable and accurate. However the company does not guarantee this to be the case, and does not accept liability for any loss arising. These tables are for information only and do not constitute a solicitation to deal in any securities. Opinions are liable to change. Past performance is no guarantee of future success.

Click for next lesson
Next Class

Market Profiles is part of the free international investment seminar. Just follow the classroom signs alongside. At the end of each class, there is a sign to the beginning of the Next Class. You can join the classes at any stage.