All over the map this month!
| Index Performance, April 2007 | |
| Ratchet | -7.65% |
| FixFloat | -9.13% |
| Floater | +0.61% |
| OpRet | -0.14% |
| SplitShare | -0.79% |
| InterestBearing | +0.18% |
| PerpetualPremium | -0.82% |
| PerpetualDiscount | -1.19% |
Both the FixFloat and the RatchetRate indices are comprised entirely of BCE issues; BCE has no issues included in any of the other indices.
The S&P/TSX preferred share index was (before the collapse) 7-8% BCE (which is proxied by FixFloat); the BMO-NB 50 is a little higher, about 10%. Diversified Preferred Fund (DPS.UN) lists its 25 largest positions as of Year-end, which include 6 BCE/Bell issues totalling 9.95% of the portfolio at that time, while the Claymore ETF currently lists 2 of these issues in its holdings, currently comprising 6.86% of the portfolio. MAPF hasn’t held any of these issues for a long time … I can’t even remember holding them, but I’m sure I have at some point or other.
By cracky, you young whippersnappers don’t know nuthin’. I can remember when Bell Canada / BCE was a decent credit!