How about them ETFs, eh?:
Canadian-listed exchange-traded funds (ETFs) recently crossed the $200-billion asset mark and record inflows are expected in 2019, amid an increase in purchases of conservative fixed-income funds from retail investors seeking more safety.
The year’s inflows to the end of November amounted to $23.5-billion, on pace with the record $26-billion flow for all of 2017, according to data from the National Bank Financial Inc. (NBF) ETF research and strategy group.
ETFs crossed the $200-billion mark on the last day of November and the month’s inflow of $4.5-billion was the highest of the year and one of the highest ever, says Daniel Straus, vice-president of ETFs and financial products research at NBF.
| 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 | 0.0000 % | 1,973.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 3,620.8 |
| Floater | 6.12 % | 6.29 % | 59,742 | 13.36 | 4 | 0.0000 % | 2,086.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0617 % | 3,440.8 |
| SplitShare | 4.63 % | 4.30 % | 44,706 | 3.85 | 7 | 0.0617 % | 4,109.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0617 % | 3,206.0 |
| Perpetual-Premium | 5.54 % | -17.13 % | 56,011 | 0.09 | 10 | 0.0626 % | 3,045.5 |
| Perpetual-Discount | 5.29 % | 5.44 % | 71,802 | 14.69 | 25 | 0.0603 % | 3,264.2 |
| FixedReset Disc | 5.64 % | 5.83 % | 201,994 | 14.09 | 66 | 0.0596 % | 2,088.5 |
| Deemed-Retractible | 5.19 % | 5.29 % | 75,852 | 14.91 | 27 | -0.0674 % | 3,211.9 |
| FloatingReset | 6.24 % | 6.40 % | 136,294 | 13.37 | 2 | 2.3417 % | 2,468.8 |
| FixedReset Prem | 5.11 % | 3.54 % | 147,146 | 1.54 | 20 | 0.0351 % | 2,633.2 |
| FixedReset Bank Non | 1.95 % | 3.93 % | 63,724 | 2.07 | 3 | 0.0000 % | 2,710.9 |
| FixedReset Ins Non | 5.54 % | 5.91 % | 120,652 | 14.06 | 22 | 0.1520 % | 2,114.2 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.B | Deemed-Retractible | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 21.64 Evaluated at bid price : 21.89 Bid-YTW : 5.32 % |
| BAM.PF.B | FixedReset Disc | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 17.85 Evaluated at bid price : 17.85 Bid-YTW : 6.13 % |
| NA.PR.G | FixedReset Disc | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 19.05 Evaluated at bid price : 19.05 Bid-YTW : 5.99 % |
| SLF.PR.G | FixedReset Ins Non | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 12.62 Evaluated at bid price : 12.62 Bid-YTW : 5.95 % |
| BMO.PR.W | FixedReset Disc | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 16.91 Evaluated at bid price : 16.91 Bid-YTW : 5.70 % |
| BIP.PR.F | FixedReset Disc | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 21.89 Evaluated at bid price : 22.30 Bid-YTW : 5.71 % |
| BAM.PR.M | Perpetual-Discount | 1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 21.65 Evaluated at bid price : 21.90 Bid-YTW : 5.52 % |
| MFC.PR.L | FixedReset Ins Non | 1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 16.16 Evaluated at bid price : 16.16 Bid-YTW : 5.86 % |
| MFC.PR.M | FixedReset Ins Non | 1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 17.21 Evaluated at bid price : 17.21 Bid-YTW : 5.78 % |
| SLF.PR.J | FloatingReset | 4.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 12.65 Evaluated at bid price : 12.65 Bid-YTW : 6.07 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.K | FixedReset Disc | 131,433 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 5.74 % |
| RY.PR.Z | FixedReset Disc | 122,049 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 16.86 Evaluated at bid price : 16.86 Bid-YTW : 5.66 % |
| BNS.PR.I | FixedReset Disc | 73,077 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 5.73 % |
| CM.PR.O | FixedReset Disc | 72,916 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 16.26 Evaluated at bid price : 16.26 Bid-YTW : 6.02 % |
| TRP.PR.E | FixedReset Disc | 71,425 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 15.70 Evaluated at bid price : 15.70 Bid-YTW : 6.30 % |
| BMO.PR.Y | FixedReset Disc | 66,770 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-10 Maturity Price : 18.65 Evaluated at bid price : 18.65 Bid-YTW : 5.81 % |
| There were 63 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| NA.PR.W | FixedReset Disc | Quote: 15.96 – 16.37 Spot Rate : 0.4100 Average : 0.2414 YTW SCENARIO |
| TD.PF.E | FixedReset Disc | Quote: 19.24 – 19.75 Spot Rate : 0.5100 Average : 0.3711 YTW SCENARIO |
| IFC.PR.C | FixedReset Ins Non | Quote: 17.27 – 17.70 Spot Rate : 0.4300 Average : 0.2958 YTW SCENARIO |
| ELF.PR.H | Perpetual-Premium | Quote: 25.16 – 25.49 Spot Rate : 0.3300 Average : 0.2088 YTW SCENARIO |
| BAM.PR.T | FixedReset Disc | Quote: 15.40 – 15.74 Spot Rate : 0.3400 Average : 0.2214 YTW SCENARIO |
| TD.PF.C | FixedReset Disc | Quote: 16.75 – 17.06 Spot Rate : 0.3100 Average : 0.1917 YTW SCENARIO |