Many investors in the growing pool of equity-linked managed Funds are losing out on good returns being enjoyed by others in the Unit Trust industry because they fail to focus regularly eyes on their investment and compare the performance of their investment against others.
Investors wanting to enjoy stock market-like gains with reduced risk have several options, but paying attention to past performance can make a big difference between ordinary or excellent returns.
Investors should review the performance of their investment regularly at least once per year to see how well theirs stack up with similar forms of investment. This applies to stocks, Unit Trusts, money market instruments or any other forms of investment.
A good example is the long-term top unit trust performer Barita’s Capital Growth Fund that gained the most for the year to September, with an increase of 43.15 percent, outperforming by far the 23.69 percent posted in the corresponding period in 2018. The Fund’s twelve-month growth was an attractive 52.67 percent, the highest of all the local equity Funds.
New kid on the block JN Mutual Funds Global Equity Fund holds the number 2 spot with growth of 35.91 percent to October 2 and gained just over 31 percent for the last twelve months, followed by Sagicor Investments’ Sigma Equity Fund with, growth of 31.31 percent and sits at number 3 for 2019 to date but that is lower than the 36.47 percent at the similar point in 2018. VM’s Wealth Classic Equity Growth portfolio is the fourth-best performing Fund in 2019 with a gain of 29.78 percent and is significantly up on the 16.42 percent increase in the 2018 period. NCB’s E Fund is next with 29.26 percent for 2019, a huge turnaround compared to last year’s mere 2.96 percent gain.
Barita’s Capital Growth Fund that led the pack with growth for the twelve-month period is followed by Sagicor’s Sigma Equity Fund with 39.84 percent and in third place, VMWealth Classic Equity with 33.96 percent.
Scotia Premium Growth Fund delivered a 23.14 percent growth while JMMB Income & Growth Fund had gains of 22.64 percent for the nine months to September. Sigma Global Venture Equity Fund delivered gains of 18.22 percent for the year to September and 17.60 percent for the 12 months.
The bottom three performing equity Funds for the year to September are JN Global Diversified Income with 11.26 percent growth and a twelve-month growth of 9.10 percent as of October 2, JMMB Optimum Capital generated just 15.7 percent gains for the nine months, and 11.44 percent for the past 12 months.
The three best performing Funds, Sagicor’s Sigma Equity, Scotia’s Premium Growth and Barita’s Capital Growth, have been and continue to outperform the other players in the market over the long term, despite encountering periodic blips in their performance due to local and external economic conditions.
For the past 5 years to the end of 2018, the three best performing Funds were Sagicor’s Sigma Equity, Scotia’s Premium Growth and Barita’s Capital Growth, and for the 10 years to 2018, the same three Funds have been the top performers.
Archives for October 2019
TTSE stocks slip – Thursday
Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with 15 securities trading against 16 on Wednesday, with 4 stocks advancing, 6 declining and 5 remaining unchanged.
At the close of the market, the Composite Index lost 1.62 points to end at 1,413.79. The All T&T Index fell 0.37 points to 1,758.71, while the Cross Listed Index slipped 0.40 points to close at 144.90.
Trading ended with 282,354 shares valued $2,703,518, compared to 58,149 shares at a value of $1,935,352 shares on Wednesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids lower than their last selling prices and 3 with lower offers.
Gains| Guardian Holdings gained 8 cents and concluded trading of 500 shares at $18.50, NCB Financial rose 9 cents and settled at $10.75, after exchanging 21,845 shares, Sagicor Financial added 4 cents and ended at $10.65 trading 52,009 units and Scotiabank gained 25 cents to end at $60, with 2,542 stock units changing hands.
Losses| Ansa McAl traded a mere 8 units and lost 2 cents to close at $54.98, Clico Investment Fund declined 4 cents and ended at $24.06, with 45,658 units crossing the exchange, First Caribbean International Bank ended trading 4,800 stock units and fell 19 cents to end at $9.05. National Flour fell 3 cents and ended at $1.47, after swapping 107,000 shares, Trinidad & Tobago NGL lost 6 cents in exchanging 2,019 units to close at $25.71 and Unilever Caribbean fell 1 cent and completed trading of 830 shares at $24.50.
Firm Traded| First Citizens completed trading at $40.50, with 4,949 units trading, Grace Kennedy settled at $3.40, with investors exchanging 27,173 shares, Massy Holdings ended at $55, with an exchange of 1,000 stock units, National Enterprises ended at $5.70, with 2,621 stock units changing hands and Trinidad Cement ended at $2, with investors exchanging 9,400 shares.
Prices of securities trading are those at which the last trade took place.
TTSE indices slip – Wednesday
Market activity on the Trinidad & Tobago Stock Exchange ended on Wednesday with 16 securities trading against 15 on Tuesday, with 3 stocks advancing, 5 declining and 8 remaining unchanged.
At the close of the market, the Composite Index lost 3.34 points to end at 1,415.41. The All T&T Index fell 3.58 points to 1,759.08, while the Cross Listed Index slipped 0.42 points to close at 145.30.
Trading ended with 58,149 shares at a value of $1,935,352, compared to 71,169 shares at a value of $2,062,260 shares on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 4 stocks with bids lower than their last selling prices and 4 with lower offers.
Gains| Clico Investment Fund gained 4 cents to end at $24.10, with 2,324 stock units changing hands, Republic Financial added 14 cents and ended at $122.96, with 1,769 stock units changing hands, and Scotiabank closed with an increase of 28 cents at $59.75, with 18,765 units crossing the exchange.
Losses| First Citizens Bank fell 49 cents and concluded at $40.50, with 370 units, Guardian Holdings closed with a loss of 8 cents and completed trading of 2,884 shares at $18.42, NCB Financial shed 9 cents and ended at $10.66, with 8,703 units crossing the exchange. Trinidad & Tobago NGL lost 8 cents in exchanging 1,531 units to close at $25.77 and West Indian Tobacco dropped $1.49 and ended at $104.51, with 1,344 stock units trading.
Firm Trades| Calypso Micro Index Fund traded 6,125 shares and closed at $15.75, JMMB Group completed trading 72 units at $2.08, Massy Holdings settled at $55, with 200 units trading, National Enterprises completed trading at $5.70, with 7,672 stock units changing hands, National Flour settled at $1.50, with an exchange of 1,708 units. One Caribbean Media completed trading of 741 units at $10, Prestige Holdings closed trading at $8.10, with 1,411 stock units changing hands and Sagicor Financial completed trading at $10.61, with 2,530 units crossing the exchange.
Prices of securities trading are those at which the last trade took place.
TTSE stocks rise again – Tuesday
Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 15 securities against just 10 on Monday, with the prices of 7 stocks advancing, 2 declining and 6 remaining unchanged.
At the close of the market, the Composite Index added 2.24 points to end at 1,418.75. The All T&T Index gained 3.62 points to 1,762.66, while the Cross Listed Index rose 0.11 points to close at 145.72.
Trading ended with 71,169 shares at a value of $2,062,260, compared to 138,960 shares at a value of $6,896,031 shares on Monday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 2 stocks with bids lower than their last selling prices and 4 with lower offers.
Gains| Clico Investment Fund gained 1 cent and completed trading with 4,817 units at $24.06, First Citizens Bank climbed 59 cents and ended at 52 weeks’ high of $40.99, with 219 units changing hands, Grace Kennedy gained 4 cents and with completed trading of 327 shares at $3.40. Guardian Holdings added 8 cents and settled at $18.50, with 16,597 stock units changing hands, Massy Holdings rose 9 cents and settled at $55, after exchanging 8,055 shares. National Enterprises increased 10 cents and completed trading of 5,000 units at $5.70 and Unilever Caribbean rose 1 cent and ended at $24.51, after exchanging 166 shares.
Losses| Republic Financial fell 18 cents and ended at $122.82, in trading 1,994 units and Scotiabank closed with a loss of 28 cents at $59.47, with 9,847 shares crossing the exchange.
Firm Trades| Angostura Holdings settled at $16.05, with 11,472 units trading, Ansa Merchant Bank ended at $35.75, with an exchange of 70 units, NCB Financial ended at $10.75, with 5,387 stock units changing hands. Sagicor Financial completed trading at $10.61, after exchanging 1,000 shares, Trinidad Cement ended at $2, after trading 4,000 shares and Trinidad & Tobago NGL exchanged 2,218 units to close at $25.85.
Prices of securities trading are those at which the last trade took place.
3 TTSE stocks rise 2 fall – Monday
Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with trading in 10 securities against 16 on Friday, with 3 stocks advancing, 2 declining and 5 remaining unchanged.
At the close of the market, the Composite Index added 2.24 points to end at 1,416.51. The All T&T Index gained 2.78 points to 1,759.04, while the Cross Listed Index rose 0.23 points to close at 145.61.
Trading ended with 138,960 shares at a value of $6,896,031, compared to 129,696 shares at a value of $3,449,006 on Friday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 3 stocks with bids lower than their last selling prices and 3 with lower offers.
Gains| First Citizens Bank rose 1 cent and settled at $40.40, after exchanging 1,500 shares, JMMB Group gained 4 cents and ended at $2.08, with 40 stock units changing hands and Republic Financial jumped $1 and settled at $123 with 1,719 units crossing the exchange.
Losses| Clico Investment Fund closed with a loss of 1 cent and concluded at $24.05, with 7,936 units, and Massy Holdings fell 1 cent to $54.91, after exchanging 110,000 shares.
Firm Traded| Angostura Holdings ended at $16.05, with the trading of 4,557 stock units, Calypso Micro Index Fund traded 2,400 shares and closed at $15.75, Sagicor Financial concluded trading of 5,000 units at $10.61. Scotiabank completed trading at $59.75, with 2,333 stock units changing hands and Trinidad & Tobago NGL exchanged 3,475 units to close at $25.85.
Prices of securities trading are those at which the last trade took place.