Interesting survey from the UK:
Concerns putting people off accessing impartial professional retirement planning advice
44% of people are put off by the perceived cost of advice
45% fear that the financial adviser would not act in their best interests.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
| 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 | -0.5609 % | 1,990.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5609 % | 3,653.1 |
| Floater | 6.00 % | 6.12 % | 39,042 | 13.69 | 4 | -0.5609 % | 2,105.3 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0507 % | 3,345.5 |
| SplitShare | 4.65 % | 4.71 % | 72,810 | 4.10 | 7 | 0.0507 % | 3,995.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0507 % | 3,117.3 |
| Perpetual-Premium | 5.60 % | -18.87 % | 56,880 | 0.09 | 7 | 0.0280 % | 2,991.2 |
| Perpetual-Discount | 5.45 % | 5.59 % | 58,804 | 14.50 | 25 | -0.1022 % | 3,127.0 |
| FixedReset Disc | 5.42 % | 5.29 % | 160,473 | 14.99 | 69 | -0.1600 % | 2,126.5 |
| Deemed-Retractible | 5.22 % | 5.81 % | 64,206 | 7.93 | 27 | -0.0142 % | 3,120.7 |
| FloatingReset | 4.06 % | 4.42 % | 35,171 | 2.41 | 4 | -0.1057 % | 2,346.8 |
| FixedReset Prem | 5.14 % | 3.72 % | 158,088 | 1.88 | 17 | -0.0710 % | 2,599.5 |
| FixedReset Bank Non | 1.98 % | 4.06 % | 87,788 | 2.42 | 3 | 0.0696 % | 2,656.9 |
| FixedReset Ins Non | 5.26 % | 7.43 % | 83,781 | 8.03 | 22 | -0.2490 % | 2,170.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.K | FixedReset Ins Non | -2.97 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.97 Bid-YTW : 8.15 % |
| TRP.PR.B | FixedReset Disc | -2.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 11.29 Evaluated at bid price : 11.29 Bid-YTW : 5.95 % |
| HSE.PR.E | FixedReset Disc | -2.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 18.83 Evaluated at bid price : 18.83 Bid-YTW : 6.66 % |
| PWF.PR.T | FixedReset Disc | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 5.37 % |
| RY.PR.M | FixedReset Disc | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 19.02 Evaluated at bid price : 19.02 Bid-YTW : 5.26 % |
| TRP.PR.G | FixedReset Disc | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 18.01 Evaluated at bid price : 18.01 Bid-YTW : 6.10 % |
| CM.PR.S | FixedReset Disc | -1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 18.85 Evaluated at bid price : 18.85 Bid-YTW : 5.33 % |
| RY.PR.N | Perpetual-Discount | -1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 23.28 Evaluated at bid price : 23.72 Bid-YTW : 5.15 % |
| IAF.PR.G | FixedReset Ins Non | -1.20 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.55 Bid-YTW : 6.54 % |
| RY.PR.S | FixedReset Disc | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 4.85 % |
| PWF.PR.A | Floater | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 11.77 Evaluated at bid price : 11.77 Bid-YTW : 5.88 % |
| HSE.PR.G | FixedReset Disc | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 19.05 Evaluated at bid price : 19.05 Bid-YTW : 6.53 % |
| MFC.PR.I | FixedReset Ins Non | -1.07 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.44 Bid-YTW : 7.50 % |
| CU.PR.C | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 17.71 Evaluated at bid price : 17.71 Bid-YTW : 5.36 % |
| IFC.PR.E | Deemed-Retractible | 1.05 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.00 Bid-YTW : 5.81 % |
| TRP.PR.C | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 11.95 Evaluated at bid price : 11.95 Bid-YTW : 6.08 % |
| TD.PF.D | FixedReset Disc | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 5.08 % |
| BIP.PR.F | FixedReset Disc | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 21.35 Evaluated at bid price : 21.65 Bid-YTW : 5.95 % |
| BAM.PR.X | FixedReset Disc | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 12.97 Evaluated at bid price : 12.97 Bid-YTW : 6.08 % |
| EMA.PR.F | FixedReset Disc | 1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 17.30 Evaluated at bid price : 17.30 Bid-YTW : 5.85 % |
| HSE.PR.A | FixedReset Disc | 2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 12.50 Evaluated at bid price : 12.50 Bid-YTW : 6.17 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| PWF.PR.K | Perpetual-Discount | 204,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 21.83 Evaluated at bid price : 22.07 Bid-YTW : 5.63 % |
| BMO.PR.W | FixedReset Disc | 54,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 17.57 Evaluated at bid price : 17.57 Bid-YTW : 5.16 % |
| CM.PR.R | FixedReset Disc | 49,327 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-01 Maturity Price : 21.91 Evaluated at bid price : 22.21 Bid-YTW : 5.32 % |
| GWO.PR.N | FixedReset Ins Non | 40,234 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.21 Bid-YTW : 9.13 % |
| BNS.PR.H | FixedReset Prem | 36,113 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-26 Maturity Price : 25.00 Evaluated at bid price : 25.46 Bid-YTW : 4.11 % |
| RY.PR.E | Deemed-Retractible | 23,300 | YTW SCENARIO Maturity Type : Call Maturity Date : 2019-08-31 Maturity Price : 25.00 Evaluated at bid price : 25.30 Bid-YTW : -13.03 % |
| There were 23 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| BMO.PR.Y | FixedReset Disc | Quote: 19.88 – 20.45 Spot Rate : 0.5700 Average : 0.4348 YTW SCENARIO |
| RY.PR.N | Perpetual-Discount | Quote: 23.72 – 24.08 Spot Rate : 0.3600 Average : 0.2341 YTW SCENARIO |
| TRP.PR.B | FixedReset Disc | Quote: 11.29 – 11.67 Spot Rate : 0.3800 Average : 0.2770 YTW SCENARIO |
| EIT.PR.A | SplitShare | Quote: 25.50 – 25.89 Spot Rate : 0.3900 Average : 0.2928 YTW SCENARIO |
| MFC.PR.Q | FixedReset Ins Non | Quote: 19.54 – 19.83 Spot Rate : 0.2900 Average : 0.1955 YTW SCENARIO |
| CU.PR.F | Perpetual-Discount | Quote: 21.26 – 21.60 Spot Rate : 0.3400 Average : 0.2489 YTW SCENARIO |
Sir James, you link to sites that I don’t normally see referred at many other places. When you have time, would you please share a list of your daily reading sites/blogs/sources?
Thanks
I follow a number of financial news/agglomeration sites on Facebook, so a lot of stuff gets pushed out to me. If I’m particularly interested in a story, I’ll find the source material via search engine and link to that if I write anything about it.
The particular link im the text above, though, comes via Ken Kivenko’s Fund OBSERVER.