Debt & fixed income1 min
Coupon describes contractual interest under the bond’s terms.
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Coupon describes contractual interest under the bond’s terms. Yield relates price and expected contractual cash flows using a stated method. Duration describes timing or price sensitivity under a specified definition. A coupon number alone does not establish yield, remaining maturity or a fund’s interest-rate risk.
Debt & fixed income1 min
Percentage points are the new percentage minus the old percentage.
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Percentage points are the new percentage minus the old percentage. Relative percent change divides that difference by the old percentage. They describe different things and should not be swapped, especially when reporting a benchmark’s allocation shift.
Debt & fixed income1 min
No. A benchmark and a scheme portfolio are different records.
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No. A benchmark and a scheme portfolio are different records. The fund’s mandate, implementation, cash flows and actual holdings determine its positions. A published index rebalance describes the benchmark change, not a complete transaction file for every scheme in the category.
Debt & fixed income1 min
No. Certificates of deposit and commercial paper are distinct money-market instruments.
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No. Certificates of deposit and commercial paper are distinct money-market instruments. A debt benchmark’s CD and CP components should be read as separate exposures, with their own issuer, maturity and pricing considerations. Similar short maturities do not make every component identical in risk.
Market structure1 min
Yes. If a data system fails to match the same security across an operational transition, it can show missing values, duplicated holdings or a discontinuity.
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Yes. If a data system fails to match the same security across an operational transition, it can show missing values, duplicated holdings or a discontinuity. Reconcile the exchange record and security identity before treating that apparent jump as an investment return.
Market structure1 min
Not always. Holdings data can show what changed while leaving the reason unresolved.
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Not always. Holdings data can show what changed while leaving the reason unresolved. Index eligibility, corporate actions, maturities, cash flows, price movement and discretionary decisions can produce different changes. A conviction score should not treat every observed sale as the same kind of manager judgement.
Market structure1 min
Not generally, because the portfolio total changes too. Recalculate the stock value divided by the new total, including other holdings on the same basis.
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Not generally, because the portfolio total changes too. Recalculate the stock value divided by the new total, including other holdings on the same basis. A successful price move can increase concentration without a new purchase, but doubling the old percentage ignores the denominator change.
Market structure1 min
Look at the bid–ask spread, traded value, depth available for your quantity and likely execution cost over several observations.
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Look at the bid–ask spread, traded value, depth available for your quantity and likely execution cost over several observations. A large volume number on one event day does not establish that an ordinary later sale can occur near the displayed price.
Market structure1 min
No. Broader potential access can be relevant, but actual liquidity must be observed.
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No. Broader potential access can be relevant, but actual liquidity must be observed. Spreads, traded value, order-book depth and execution cost determine the practical experience. A new segment label does not guarantee a buyer for a large position at the displayed price.
Market structure1 min
No. A proposed move describes an intended or pending transition.
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No. A proposed move describes an intended or pending transition. Completion and the actual trading arrangements need the relevant exchange communication. An index-effective date cannot automatically be used as proof that every operational migration step has already finished.
Market structure1 min
Yes. If a company moves outside the listing universe represented by an SME benchmark, membership can change for that reason.
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Yes. If a company moves outside the listing universe represented by an SME benchmark, membership can change for that reason. Such an exclusion is different from an automatic allegation of default or misconduct. Read the stated reason and whether the migration is proposed or completed.
Passive investing1 min
The notice names Anupam Rasayan India, Emmvee Photovoltaic Power, Inventurus Knowledge Solutions, LG Electronics India, Vijaya Diagnostic Centre and Waaree Energies as additions, effective 30 October after…
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The notice names Anupam Rasayan India, Emmvee Photovoltaic Power, Inventurus Knowledge Solutions, LG Electronics India, Vijaya Diagnostic Centre and Waaree Energies as additions, effective 30 October after the 29 October close. This is a dated membership list, not a ranking or return forecast.
