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Asian markets have made an all green start with some of the indices gaining over one and half a percent in early trade after Draghi said policy makers will do whatever is required to preserve euro. Though, the Japanese market was trading up but country’s consumer prices unexpectedly fell and retail sales missed forecasts. Consumer prices excluding fresh food fell 0.2 percent in June from a year earlier, while a separate report said that Retail sales rose 0.2 percent, the smallest gain since November, adding to evidence that the economy’s expansion is faltering as gains in the yen and austerity measures in Europe hit exports. Meanwhile, the central Chinese city of Changsha unveiled an 829.2 billion yuan stimulus after some of its peers too went on similar lines to shore up local economies, as national growth slows.
Shanghai Composite was up by 2.53 points or 0.12% to 2,128.53, Hang Seng surged by 344.95 points or 1.83% to 19,237.74, Jakarta Composite gained 57.41 points or 1.46% to 4,061.81, KLSE Composite was flat at 1,624.91. Nikkei 225 added 118.61 points or 1.40% to 8,561.71, Straits Times was up by 4.73 points or 0.16% to 3,009.78, Kospi Composite gained 36.72 points or 2.09% to 1,819.67 and Taiwan Weighted added 128.45 points or 1.81% to 7,097.14.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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