HIMIPref™ Index Rebalancing: April 2010

HIMI Index Changes, April 30, 2010
Issue From To Because
CM.PR.R Scraps OpRet Volume
NA.PR.M PerpetualPremium PerpetualDiscount Price
PWF.PR.A Floater Scraps Volume

As a result of the migration from PerpetualPremium to PerpetualDiscount due to price declines, the PerpetualPremium index has only one remaining member: GWL.PR.O, a chimerical issue which can sometimes be a straight, sometimes a FixedFloater, depending on where Prime is.

There were the following intra-month changes:

HIMI Index Changes during April 2010
Issue Action Index Because
GWO.PR.E Delete OpRet Redeemed
BNS.PR.Y Add FixedReset New Issue

This entry was posted on Saturday, May 1st, 2010 at 11:43 pm and is filed under Index Construction / Reporting. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “HIMIPref™ Index Rebalancing: April 2010”

  1. lafontaine says:
    May 2, 2010 at 7:04 am

    CM.PR.R from Scraps to OpRet ( Volume )

    Meaning ?

  2. jiHymas says:
    May 2, 2010 at 11:56 am

    There is a volume requirement for inclusion in the indices – the Average Daily Trading Value (as defined by HIMIPref™, it is not simply related to average volume figures reported elsewhere) must be at least $25,000.

    Last month, CM.PR.R was below that level; now it’s above.

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