Changes to S&P/TSX Preferred Share Index

Standard and Poor’s has announced:

the following index changes as a result of the semi-annual S&P/TSX Preferred Share Index Review. These changes will be effective at the open on Monday, July 23, 2007


S&P/TSX Preferred Share Index Additions Effective 2007-7-23
Ticker HIMI Index
FBS.PR.B SplitShare
ALB.PR.A SplitShare
BNA.PR.C SplitShare
BMO.PR.J PerpetualDiscount
BMO.PR.H PerpetualPremium
BNS.PR.L PerpetualDiscount
BCE.PR.F Not in HIMIPref™ universe
BAM.PR.K Floater
BPO.PR.F Scraps (Credit)
BPO.PR.H Scraps (Credit)
CM.PR.H PerpetualDiscount
CIU.PR.A PerpetualDiscount
DFN.PR.A SplitShare
DW.PR.A Scraps (Credit)
FIG.PR.A InterestBearing
LBS.PR.A SplitShare
NSI.PR.D Scraps (Volume)
POW.PR.B PerpetualDiscount
POW.PR.C PerpetualPremium
PWF.PR.F PerpetualPremium (for now!)
PIC.PR.A SplitShare
RPA.PR.A Not in HIMIPref™ universe
RPB.PR.A Not in HIMIPref™ universe
WFS.PR.A SplitShare
YPG.PR.A Scraps (Credit)
S&P/TSX Preferred Share Index Deletions Effective 2007-7-23
Ticker HIMI Index
CL.PR.B PerpetualPremium
CM.PR.C PerpetualPremium
ELF.PR.G PerpetualDiscount
FAL.PR.A Scraps (Credit)
FTS.PR.E Scraps (Credit)
W.PR.J PerpetualPremium

It’s a good thing to see that Split Shares have been added to the index – although, sadly, it makes the index a little tougher to beat.

Total changes to the S&P Index, in terms of the HIMI Indices, are:

Changes in issues included in S&P/TSX Index, Effective 2007-07-23
Ratchet  0
FixFloat  0
Floater  +1
OpRet  +1
SplitShare  +7
InterestBearing  +1
PerpetualPremium  0
PerpetualDiscount  +4
Scraps  +3
Not in Universe  +3

Hat tip to assiduous reader MP, who asked “What’s happening with ELF.PR.G?” and thereby tipped me off to the index change. I wonder how the Claymore ETF will handle this … I’ll bet they’re annoyed!

4 Responses to “Changes to S&P/TSX Preferred Share Index”

  1. […] As has been discussed elsewhere, the Claymore ETF returned -0.11% on the month; this number is after all fees and expenses and is after their rebalancing. I do not know what market action, if any, they took in order to reflect the index changes in their portolio … the current portfolio composition reflects at least some changes, but I do not know how completely the portfolio now reflects the index. It is also possible that they took no market action at all and the changes are due entirely to creation and destruction of units, with differing baskets. One can be reasonably sure, however, that changing their portfolio did not give their returns a trading-derived boost. […]

  2. […] was added to the TXPR index in July 2007. The issue was discussed at length in November 2006. It is tracked by HIMIPref™ and (volume […]

  3. […] of this fund changes with each rebalancing; there have been significant index changes in July 2007, January 2008 and July […]

  4. […] & BPO.PR.H were added to the S&P/TSX Preferred Share Index in the July 2007 rebalancing. BPO.PR.I was added and BPO.PR.J was removed in the July 2008 […]

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