Investment and Finance

Mutual funds are rated by past performance for the past 3 years as calculated by Morningstar Inc. The rating system in newspapers are represented by 2 numbers such as 4/3.
Ratings range from 1-5, 1 = poor and 5 = superior. The first rating shows the funds performance against a broad group of funds.
The second rating shows the funds performance against a narrower group of more similar funds. The ratings are adjusted for risk.
Two funds might have the same 3 year return but may have different ratings based on the funds volatility.

The Jensen index is an index that uses the capital asset pricing model to determine whether a professional money manager outperformed a market index.

The Hang Seng Index is a market value weighted index of the stock prices of the 33 largest companies on the Hong Kong market.

The Chicago Board of Trade is an exchange where grain, gold, and treasury Bond futures and options are traded. Also the Chicago Board Options Exchange is an exchange where stock options, equity LEAPS, index options, and interest rate options are traded. Also the Chicago Mercantile Exchange is an exchange where financial futures, foreign currency futures, commodity futures, and futures options are traded.

A basis point is One hundredth of a percent 0.01%. It is used to measure changes in or differences between yields or interest rates.

A American Depositary Share (ADS) is a share issued under an American Depositary Receipt agreement which is actually traded.

A credit rating is a published ranking based on detailed financial analysis by a credit bureau. It includes a person or entity's financial history as it relates to its ability to meet debt obligations. The highest or best rating is usually AAA, and the lowest or worst rating is a D. Banks use this information to decide whether to approve a loan or not. A published ranking, based on detailed financial analysis by a credit bureau, of one's financial history, specifically as it relates to one's ability to meet debt obligations. The highest rating is usually AAA, and the lowest is D. Lenders use this information to decide whether to approve a loan

A bond rating ia a measure of the quality and safety of a bond based on the issuer's financial condition. It is an evaluation from a bond rating service indicating the likelihood that a debt issuer will be able to meet scheduled interest and principal repayments. Generally, AAA is highest or best, and D is lowest or worst.

The Nikkei Index is an Index of 225 leading stocks traded on the Tokyo Stock Exchange.