As noted in MAPF Portfolio Composition: December 2015, the fund now has a large allocation to FixedResets, mostly of relatively low spread. Many of these were largely purchased with proceeds of sales of DeemedRetractibles from …
Search Results for: performance
MAPF Portfolio Composition: December 2015
Turnover fell in December, to about 4%. There is extreme segmentation in the marketplace, with OSFI’s NVCC rule changes in February 2011 having had the effect of splitting the formerly relatively homogeneous Straight Perpetual class …
December 31, 2015
The federal Competition Bureau has heretofore been best known for its decision, reported July 4, 2012, to allow the banks to reduce competition in the Canadian financial market, provided extra payments were made to their …
December 30, 2015
New Year’s is prediction season! Bond returns will probably be ho-hum next year — just as they have been in 2015 — according to the biggest investors. JPMorgan Chase & Co., Fidelity Investments, Pacific Investment …
December 29, 2015
Looks like we may be looking at a Tobin Tax: Chinese securities regulators are preparing some of the world’s strictest regulations on a trading practice at the heart of the global debate over high-speed computerized …
December 24, 2015
Nothing happened today. The last day of tax-loss selling season was mixed for the Canadian preferred share market, with PerpetualDiscounts off 5bp, FixedResets gaining 22bp and DeemedRetractibles down 11bp. A lot of churn is still …
December 23, 2015
Canadian preferred shares appear to have been hit over the past few months by tax loss selling, but we’re not the only targets: Investors pulled more money from U.S. mutual funds last week than they …
December 22, 2015
Nothing much happened today. Neil Irwin of the NYT makes a good point in his review of The Big Short (movie to be released Wednesday 23rd): A lot of people thought a decade ago that …
History of Transfer Agents
The SEC has announced that it: voted to issue an advanced notice of proposed rulemaking (ANPR) for new requirements for transfer agents, together with a concept release requesting public comment on the Commission’s broader review …
December 21, 2021
Nothing much happened today in the financial world, although what with the solstice and all, a few preferred share new issue salesmen may have been sacrificed by their clients. In the real world, though there …