| Index |
November
Total
Return |
| Ratchet |
+0.11% |
| FixedFloater |
+0.30% |
| Floater |
+1.56% |
| OpRet |
+1.13% |
| SplitShare |
+1.70% |
| InterestBearing |
-0.29% |
| PerpetualPremium |
+1.02% |
| PerpetualDiscount |
+1.33% |
The worst index-included issue for the month was MST.PR.A, an income-trust-backed interest-bearing issue that lost 1.52% on the month and now has a pre-tax YTW of 5.56% based on a bid of $10.34 and a maturity 2009-9-30.
There were a number of index-included issues with superb monthly performance, led by ACO.PR.A +3.75% (I don’t understand it – see November 29 – it’s trading a lot, but the yield is very low), closely followed by FFN.PR.A +3.49% (which is simply ridiculous.
The pre-rebalancing preliminary indices can be downloaded here. Note that everything in this is subject to change as my final indices get caught up.
Update & bump, 2006-12-01 : The indices have now been rebalanced. Changes are
| Ticker |
From Index |
To Index |
Reason |
| BC.PR.E |
Ratchet |
Scraps |
Volume |
| CGI.PR.C |
SplitShares |
Scraps |
Volume |
| BAM.PR.I |
OpRet |
Scraps |
Volume |
| MFC.PR.C |
PerpetualDiscount |
PerpetualPremium |
Price |
| CM.PR.I |
PerpetualDiscount |
PerpetualPremium |
Price |
| WN.PR.E |
PerpetualDiscount |
PerpetualPremium |
Price |
| BAM.PR.M |
– |
PerpetualDiscount |
New Issue, 11/20 |
| CM.PR.I |
– |
PerpetualDiscount |
New Issue, 11/15 |
| RY.PR.C |
– |
PerpetualPremium |
New Issue, 11/1 |
The revised indices can be downloaded here.
