I was recently interviewed for an article in Les Affaires, titled Actions privilégiées : jouez de prudence (translation below courtesy of Google):
Currently, they are perpetual preferred shares at fixed rates which offer the best performance. It averages 5.8%, says James Hymas, president of Hymas Investment Management. Adding the tax benefits of dividends, or by multiplying by 1.36, we obtain a bond yield of 7.89%. “However, corporate bonds long term, quite similar to those shares, provide an average yield of 5.5%. The gap of 2.39 points, which is above the historical average,” says he said.