Solactive, purveyor of the index upon which ZPR is based, is opening a Toronto office:
Award-winning Solactive is delighted to announce three new key appointments to its management team and the establishment of the first overseas office in Toronto, in addition to the main location in Frankfurt. The new hires include Bernd Henseler as Head of Americas, Stephen Chew as Head of Platform Management and Timo Pfeiffer as Head of Research & Business Development.
These additions come at a time of significant growth for the German index engineer. The past year has indeed been marked by the win of multiple awards and the launch of indices in various categories bringing the number of ETFs linked to its indices up to 250. Now Solactive is ready for the next big step as part of its plans of international expansion, starting with a first branch office in Canada.
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Bernd Henseler has joined Solactive in May 2017 as the Head of Americas with the mandate of overseeing the establishment of the first overseas office in Toronto. This strategic move will allow the company to be closer to its North American customers and easily respond to the growing demand in the region. In this new role, Bernd brings with him many years of experience in the indexing industry as a former Vice President Global Head Channel Management Structured Products at S&P Dow Jones Indices.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.8426 % | 2,302.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.8426 % | 4,224.5 |
| Floater | 3.44 % | 3.45 % | 86,297 | 18.65 | 3 | -0.8426 % | 2,434.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0391 % | 3,067.1 |
| SplitShare | 4.69 % | 4.27 % | 58,566 | 1.44 | 5 | 0.0391 % | 3,662.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0391 % | 2,857.8 |
| Perpetual-Premium | 5.36 % | 4.73 % | 71,275 | 2.55 | 21 | -0.0845 % | 2,781.7 |
| Perpetual-Discount | 5.25 % | 5.25 % | 92,856 | 15.09 | 15 | -0.3753 % | 2,940.2 |
| FixedReset | 4.34 % | 4.30 % | 184,532 | 6.42 | 97 | 0.2524 % | 2,394.0 |
| Deemed-Retractible | 5.04 % | 5.33 % | 117,550 | 6.17 | 30 | -0.2323 % | 2,869.9 |
| FloatingReset | 2.66 % | 3.04 % | 48,583 | 4.30 | 10 | 0.3055 % | 2,610.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BAM.PR.C | Floater | -1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-07-11 Maturity Price : 13.69 Evaluated at bid price : 13.69 Bid-YTW : 3.47 % |
| BAM.PR.X | FixedReset | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-07-11 Maturity Price : 17.44 Evaluated at bid price : 17.44 Bid-YTW : 4.51 % |
| HSE.PR.G | FixedReset | 1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-07-11 Maturity Price : 23.17 Evaluated at bid price : 24.44 Bid-YTW : 4.99 % |
| TRP.PR.E | FixedReset | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-07-11 Maturity Price : 22.41 Evaluated at bid price : 22.82 Bid-YTW : 4.21 % |
| TRP.PR.F | FloatingReset | 1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-07-11 Maturity Price : 19.86 Evaluated at bid price : 19.86 Bid-YTW : 3.34 % |
| TRP.PR.H | FloatingReset | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-07-11 Maturity Price : 14.80 Evaluated at bid price : 14.80 Bid-YTW : 3.40 % |
| SLF.PR.H | FixedReset | 1.66 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.86 Bid-YTW : 5.95 % |
| TRP.PR.B | FixedReset | 1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-07-11 Maturity Price : 15.59 Evaluated at bid price : 15.59 Bid-YTW : 4.28 % |
| TRP.PR.C | FixedReset | 2.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-07-11 Maturity Price : 16.74 Evaluated at bid price : 16.74 Bid-YTW : 4.29 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.R | FixedReset | 187,338 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-07-31 Maturity Price : 25.00 Evaluated at bid price : 25.09 Bid-YTW : 4.46 % |
| BAM.PF.G | FixedReset | 125,770 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-07-11 Maturity Price : 23.03 Evaluated at bid price : 24.11 Bid-YTW : 4.45 % |
| NA.PR.C | FixedReset | 99,357 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-11-15 Maturity Price : 25.00 Evaluated at bid price : 25.07 Bid-YTW : 4.49 % |
| RY.PR.C | Deemed-Retractible | 89,900 | YTW SCENARIO Maturity Type : Call Maturity Date : 2017-08-10 Maturity Price : 25.00 Evaluated at bid price : 25.28 Bid-YTW : -1.65 % |
| RY.PR.B | Deemed-Retractible | 77,065 | YTW SCENARIO Maturity Type : Call Maturity Date : 2017-08-10 Maturity Price : 25.00 Evaluated at bid price : 25.33 Bid-YTW : -3.77 % |
| TRP.PR.D | FixedReset | 65,090 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-07-11 Maturity Price : 22.19 Evaluated at bid price : 22.51 Bid-YTW : 4.27 % |
| There were 32 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| EIT.PR.A | SplitShare | Quote: 25.69 – 26.20 Spot Rate : 0.5100 Average : 0.3518 YTW SCENARIO |
| BAM.PF.H | FixedReset | Quote: 26.05 – 26.39 Spot Rate : 0.3400 Average : 0.2151 YTW SCENARIO |
| GWO.PR.N | FixedReset | Quote: 17.15 – 17.48 Spot Rate : 0.3300 Average : 0.2111 YTW SCENARIO |
| GWO.PR.I | Deemed-Retractible | Quote: 22.00 – 22.34 Spot Rate : 0.3400 Average : 0.2265 YTW SCENARIO |
| BAM.PR.C | Floater | Quote: 13.69 – 13.97 Spot Rate : 0.2800 Average : 0.1855 YTW SCENARIO |
| PWF.PR.P | FixedReset | Quote: 16.71 – 17.05 Spot Rate : 0.3400 Average : 0.2538 YTW SCENARIO |