The fund had a very good month in June, outperforming all the relevant indices and passive funds as the Seniority Spread (interest-equivalent PerpetualDiscount yield less the yield on long corporates) declined significantly from 315bp on …
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Index Performance: June 2010
Performance of the HIMIPref™ Indices for June, 2010, was: Total Return Index Performance June 2010 Three Months to June 30, 2010 Ratchet -1.41% -5.25% FixFloat +1.88% -2.05% Floater -0.44% -8.10% OpRet +1.41% +1.09% SplitShare +1.33% …
MAPF Performance: May 2010
The fund had a positive month in May following three consecutive losses, and outperformed all the relevant indices and passive funds as the Floating Rate sector took a large loss. The Seniority Spread declined marginally …
Index Performance: May 2010
Performance of the HIMIPref™ Indices for May, 2010, was: Total Return Index Performance Mayl 2010 Three Months to May 31, 2010 Ratchet -3.08% +4.62% FixFloat -4.77% +3.41% Floater -6.61% -4.88% OpRet 0.00% -0.22% SplitShare +0.78% …
MAPF Performance: April 2010
The fund experienced a negative return in April – as did nearly all sectors of the preferred share market – but outperformed both DPS.UN and CPD due to its heavy weighting in PerpetualDiscounts. I am …
Index Performance: April 2010
Performance of the HIMIPref™ Indices for April, 2010, was: Total Return Index Performance April 2010 Three Months to April 30, 2010 Ratchet -0.83% +23.67% FixFloat +0.96% +15.28% Floater -1.16% +11.19% OpRet -0.32% -0.68% SplitShare -0.22% …
MAPF Performance: March, 2010
The fund underperformed in March, weighed down by its lack of holdings in the Floating Rate sector, in which performance continues to astonish, and by its overweighting in PerpetualDiscounts, which underperformed. The fund’s Net Asset …
Index Performance: March 2010
Performance of the HIMIPref™ Indices for March, 2010, was: Total Return Index Performance March 2010 Three Months to March 31, 2010 Ratchet +8.85%* +32.94%* FixFloat +7.56% +17.20% Floater +3.04% +19.91% OpRet +0.09% -0.99% SplitShare +0.13% …
MAPF Performance: February 2010
The fund underperformed in February, weighed down by its lack of holdings in the Floating Rate sector, in which performance continues to astonish. The fund’s Net Asset Value per Unit as of the close February …
Index Performance: February 2010
Performance of the HIMIPref™ Indices for February, 2010, was: Total Return Index Performance February 2010 Three Months to February 26, 2010 Ratchet +14.57%* +31.74%* FixFloat +6.16% +15.89% Floater +9.18% +25.54% OpRet -0.45% -0.02% SplitShare +0.72% …