This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Russia, India Funds Top Performance List

TSC Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its "safety first" approach to investing aims to reduce risk while seeking solid outperformance on a total return basis.

U.S. government borrowing is accelerating inflation expectations, making investments priced in foreign currencies more attractive. The best-performing geographically focused funds outperformed all other categories for the week ending yesterday.

The yield on 10-year U.S. government bonds rose to 3.75% yesterday, a six-month high. Even investors in so-called "risk-free" securities want to be compensated for the potential loss in value of the U.S. dollar due to inflation.

TheStreet.com Ratings

The best-performing geographically focused fund this week is the Templeton Russia and East European Fund (TRF - Get Report), gaining 14%. While flat for the week, the Russian ruble has been strengthening against the dollar for the past 3 1/2 months and is now at its strongest level since Jan. 9.

Sberbank, one of the fund's biggest holdings, rose 13%. As the largest holder of ruble deposits, Sberbank is helped by a rising ruble, giving confidence to Russian depositors to leave their money in the bank and not convert it to other currencies.

Mechel (MTL) jumped 26% after the Russian steel producer got an extension of a bridge loan to finance an acquisition and the restart of a shaft furnace at its Southern Urals Nickel Plant, which added 15% to capacity utilization. Vimpel-Communications (VIP - Get Report) soared 20% on reporting lower-than-expected losses and a 20% increase in wireless subscribers compared with a year earlier.

India's rupee has been on a three-month rally against the U.S. dollar, bringing it to its strongest level since December 2008. The India Fund (IFN - Get Report) spiked 13%, continuing a climb that tracks, in part, the advancing rupee.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
EDZ $26.78 0.00%
IAF $6.96 0.00%
IFN $27.07 0.00%
MTL $1.25 0.00%
TAO $25.29 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs