{"id":353,"date":"2006-12-01T19:45:28","date_gmt":"2006-12-01T23:45:28","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=353"},"modified":"2006-12-01T19:45:28","modified_gmt":"2006-12-01T23:45:28","slug":"november-2006-the-month-in-review","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=353","title":{"rendered":"November, 2006 : The Month in Review"},"content":{"rendered":"
\n\n\n\n\n\n\n\n\n\n\n
Index<\/td>\nNovember
\nTotal
\nReturn<\/td>\n<\/tr>\n
Ratchet<\/td>\n+0.11%<\/td>\n<\/tr>\n
FixedFloater<\/td>\n+0.30%<\/td>\n<\/tr>\n
Floater<\/td>\n+1.56%<\/td>\n<\/tr>\n
OpRet<\/td>\n+1.13%<\/td>\n<\/tr>\n
SplitShare<\/td>\n+1.70%<\/td>\n<\/tr>\n
InterestBearing<\/td>\n-0.29%<\/td>\n<\/tr>\n
PerpetualPremium<\/td>\n+1.02%<\/td>\n<\/tr>\n
PerpetualDiscount<\/td>\n+1.33%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

The worst index-included issue for the month was MST.PR.A, an income-trust-backed interest-bearing issue that lost 1.52% on the month and now has a pre-tax YTW of 5.56% based on a bid of $10.34 and a maturity 2009-9-30.<\/p>\n

There were a number of index-included issues with superb monthly performance, led by ACO.PR.A +3.75%\u00a0(I don’t understand it – see November 29<\/a> – it’s trading a lot, but the yield is very low), closely followed by FFN.PR.A +3.49% (which is simply ridiculous<\/a>.<\/p>\n

The pre-rebalancing preliminary indices can be downloaded here<\/a>. Note that everything in this\u00a0is subject to change as my final indices<\/a> get caught up.<\/p>\n

Update & bump, 2006-12-01<\/strong> : The indices have now been rebalanced. Changes are<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n
Ticker<\/td>\nFrom Index<\/td>\nTo Index<\/td>\nReason<\/td>\n<\/tr>\n
BC.PR.E<\/td>\nRatchet<\/td>\nScraps<\/td>\nVolume<\/td>\n<\/tr>\n
CGI.PR.C<\/td>\nSplitShares<\/td>\nScraps<\/td>\nVolume<\/td>\n<\/tr>\n
BAM.PR.I<\/td>\nOpRet<\/td>\nScraps<\/td>\nVolume<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\nPerpetualPremium<\/td>\nPrice<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualDiscount<\/td>\nPerpetualPremium<\/td>\nPrice<\/td>\n<\/tr>\n
WN.PR.E<\/td>\nPerpetualDiscount<\/td>\nPerpetualPremium<\/td>\nPrice<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\n–<\/td>\nPerpetualDiscount<\/td>\nNew Issue, 11\/20<\/td>\n<\/tr>\n
CM.PR.I<\/td>\n–<\/td>\nPerpetualDiscount<\/td>\nNew Issue, 11\/15<\/td>\n<\/tr>\n
RY.PR.C<\/td>\n–<\/td>\nPerpetualPremium<\/td>\nNew Issue, 11\/1<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

\u00a0<\/p>\n

The revised indices can be downloaded here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Index November Total Return Ratchet +0.11% FixedFloater +0.30% Floater +1.56% OpRet +1.13% SplitShare +1.70% InterestBearing -0.29% PerpetualPremium +1.02% PerpetualDiscount +1.33% The worst index-included issue for the month was MST.PR.A, an income-trust-backed interest-bearing issue that lost …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-353","post","type-post","status-publish","format-standard","hentry","category-index-construction-and-reporting"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=353"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/353\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}