There was heavy trading in October. MAPF Sectoral Analysis 2007-10-31 HIMI Indices Sector Weighting YTW ModDur Ratchet 0% N/A N/A FixFloat 0% N/A N/A Floater 0% N/A N/A OpRet 0% N/A N/A SplitShare 19% (+6) …
Search Results for: performance
HIMIPref™ Index Rebalancing : October 31, 2007
The continued carnage in the Perpetual sector caused a lot of changes this month. Of interest was the movement of the Falconbridge issues from “Scraps” to their various indices, due to the mid-month DBRS upgrade. HIMI …
Best & Worst Performing Issues : October 2007
These are total returns, with dividends presumed to have been reinvested at the bid price on the ex-date. The list has been restricted to issues in the HIMIPref™ indices. Issue Index DBRS Rating Monthly Performance …
HPF.PR.A & HPF.PR.B Downgraded by DBRS (finally!)
DBRS: has today downgraded two series of Preferred Shares issued by High Income Preferred Shares Corporation (the Company). The Series 1 Shares have been downgraded from Pfd-1 (low) to Pfd-2 with a Negative trend, and …
October 17, 2007
US Inflation numbers were announced today and seem relatively benign – while the headline number ticked up for the month and trailing year, the core rate remained steady at 2.1% for the year. Housing starts …
Research : Perpetual Misperceptions
There are a number of misperceptions held among otherwise sophisticated investors regarding perpetual preferred shares. Now that the October edition of Canadian Moneysaver has been published, I can release this article, which attempts to address two of …
Reflections on a Bull
My bullish correspondent has been busy and gleefully siezed on my comment yesterday that: There was good volume in the preferred share market today … and continued declines in the perpetual sector which, quite frankly, …
October 10, 2007
On September 18 I mentioned the investment firm Calyon and its sudden discovery that it had a big position in credit derivatives it didn’t want. Today, the plot thickened: The Calyon trader fired last month …
Query from a Reader: Time to Buy?
I received the following communication recently: new BMO & BNS preferred shares These are apparently bought issues, but if you recommend them I would consider a purchase. I have taken an interest and a position …
October 3, 2007
The latest passion on the Street is telling everybody how lousy everything is! PIMCO & TIAA-CREF hate the market, Greenspan hates the market, Credit Suisse hates the market … there’s no shortage. But it takes two to …