Assets RouteMap: Market Profiles

A sample report on an asset class


Contextual help is also provided when subscribers select a Profile


ETF, US closed-ended funds and UK investment trusts specialising in Demoland listed at bottom of market profiles


Countries & Regions




See Notes at Right of Page       Month End: mmm yyyy
Example of an Assets Profile
Forecasts Summary Opinions History Structure Funds
Earnings Forecasts Since 1986 2008 a 2009 a 2010 e 2011 e
Index (31/12/1994=100)   186.9 227.7 270.8 122.0
Change (%) 10% 10% 22% 19% -55%
Real  Change (%) 7% 10% 20% 15% -56%
Relative Change (%) 6% -12% 20% 7% -42%
Summary The performance of this asset class is a combination of growth in income and price/income multiples. In as far as growth reflects inflation, this has slowed dramatically in the last two decades. Cyclical changes in multiples reflect changes in GDP Output Gaps.

Over the long term there has been a secular decline in bond yields, which has not been reflected by rising valuations, at least until bond yields reached very low levels in the last five years.
  For long-term income investors, this asset class is the only bargain left. Should there be a resurgence of inflation, against consensus expectations, then substantial capital gains also lie ahead. The greatest turn-around potential lies in the Euro-Zone.
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) Buy Buy Add  
Valuation Ratios Real Yield (%) Buy Buy Buy  
Key Historical Events March-09 TARP2, Quantitative Easing  
  October-08 US Banking Crisis, $700 Bn. debt bail-out
  July-08 Crisis in sub-prime mortgage market  
  March-08 Rightwing coalition wins general election  
  November-07 Crisis in sub-prime mortgage market
History Performance has differed widely between regions. The inflationary crisis and surge in interest rates led to a crisis in the UK in 1973 and in the US in 1975, while in Japan this asset class bubble peaked in 1990. After these crises, performance recovered.
  That continued until inflation was brought under control and the rate of increases slowed accordingly. In the last decade,institutional funds flowed out of this asset class into first shares and then bonds.
Structure  That continued until inflation was brought under control and the rate of increases slowed accordingly. In the last decade, institutional funds flowed out of this asset class into first shares and then bonds.

This sector is composed of total return indices. Where total return indices are not directly available, these have be computed by combing price indices and current yield data
Key Indicators Local Investors:           Change in Industrial Production %
Regional Investors:      Rate of Inflation %
Global Investors:          Real Effective Exchange Rate
Funds Available Sponsor Symbol Listing Type Liquidity
Closed-Ended Fund Active Fund Management XXX NYSE Managed ***
Copyright © 20120: 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.

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