{"id":48695,"date":"2017-08-24T11:08:00","date_gmt":"2017-08-24T15:08:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48695"},"modified":"2025-07-24T11:09:01","modified_gmt":"2025-07-24T15:09:01","slug":"august-24-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48695","title":{"rendered":"August 24, 2017"},"content":{"rendered":"

Some hilarity about account statements<\/a>:<\/p>\n

\n

Whether it\u2019s out of dread or complacency, a lot of investors aren\u2019t reading their account statements.<\/p>\n

That\u2019s the conclusion to be drawn from a J.D. Power survey in which investors were asked if they noticed any change during the past year in how fees and performance information was communicated by their advisory firm. Just 23 per cent noticed a change, a strikingly low number in light of the fact that new regulatory transparency rules have added some key data to client statements. Over all, the number of investors reporting a complete understanding of fees was 24 per cent, down from 27 per cent in 2016.<\/p>\n<\/blockquote>\n

Let us all congratulate the Canadian Securities Administrators on their fine work in performing user acceptance testing prior to enacting a vast load of idiocy!<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1665 %<\/td>\n2,345.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1665 %<\/td>\n4,304.5<\/td>\n<\/tr>\n
Floater<\/td>\n3.69 %<\/td>\n3.73 %<\/td>\n116,545<\/td>\n17.94<\/td>\n3<\/td>\n-0.1665 %<\/td>\n2,480.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1103 %<\/td>\n3,077.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.73 %<\/td>\n3.98 %<\/td>\n54,382<\/td>\n1.34<\/td>\n5<\/td>\n-0.1103 %<\/td>\n3,675.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1103 %<\/td>\n2,867.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.40 %<\/td>\n4.80 %<\/td>\n57,680<\/td>\n5.88<\/td>\n17<\/td>\n0.0093 %<\/td>\n2,779.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.31 %<\/td>\n5.32 %<\/td>\n64,078<\/td>\n14.89<\/td>\n20<\/td>\n-0.0021 %<\/td>\n2,929.4<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.36 %<\/td>\n4.41 %<\/td>\n139,871<\/td>\n6.35<\/td>\n98<\/td>\n0.2956 %<\/td>\n2,389.9<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.07 %<\/td>\n5.49 %<\/td>\n105,819<\/td>\n6.04<\/td>\n31<\/td>\n-0.0815 %<\/td>\n2,867.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.62 %<\/td>\n3.04 %<\/td>\n39,708<\/td>\n4.19<\/td>\n9<\/td>\n-0.0204 %<\/td>\n2,618.6<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
HSE.PR.G<\/td>\nFixedReset<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-08-24
\nMaturity Price : 22.83
\nEvaluated at bid price : 23.67
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-08-24
\nMaturity Price : 16.55
\nEvaluated at bid price : 16.55
\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-08-24
\nMaturity Price : 17.56
\nEvaluated at bid price : 17.56
\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-08-24
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.72
\nBid-YTW : 4.30 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-08-24
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.61
\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-08-24
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.55
\nBid-YTW : 4.38 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset<\/td>\n1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.02
\nBid-YTW : 6.89 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.46
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nDeemed-Retractible<\/td>\n319,647<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-09-23
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.07
\nBid-YTW : 1.29 %<\/td>\n<\/tr>\n
TD.PR.Z<\/td>\nFloatingReset<\/td>\n211,800<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.46
\nBid-YTW : 2.82 %<\/td>\n<\/tr>\n
RY.PR.R<\/td>\nFixedReset<\/td>\n160,498<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.84
\nBid-YTW : 3.54 %<\/td>\n<\/tr>\n
RY.PR.L<\/td>\nFixedReset<\/td>\n104,117<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.22
\nBid-YTW : 3.67 %<\/td>\n<\/tr>\n
TRP.PR.J<\/td>\nFixedReset<\/td>\n72,600<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.59
\nBid-YTW : 3.67 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset<\/td>\n67,680<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-08-24
\nMaturity Price : 16.55
\nEvaluated at bid price : 16.55
\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n
There were 16 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\nQuote: 15.26 – 15.80
\nSpot Rate : 0.5400
\nAverage : 0.3607<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-08-24
\nMaturity Price : 15.26
\nEvaluated at bid price : 15.26
\nBid-YTW : 3.27 %<\/td>\n<\/tr>\n

VNR.PR.A<\/td>\nFixedReset<\/td>\nQuote: 21.40 – 21.90
\nSpot Rate : 0.5000
\nAverage : 0.3628<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-08-24
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n

GWO.PR.I<\/td>\nDeemed-Retractible<\/td>\nQuote: 21.91 – 22.25
\nSpot Rate : 0.3400
\nAverage : 0.2031<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.91
\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n

HSE.PR.E<\/td>\nFixedReset<\/td>\nQuote: 23.71 – 24.14
\nSpot Rate : 0.4300
\nAverage : 0.2997<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-08-24
\nMaturity Price : 22.89
\nEvaluated at bid price : 23.71
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n

PVS.PR.E<\/td>\nSplitShare<\/td>\nQuote: 26.11 – 26.50
\nSpot Rate : 0.3900
\nAverage : 0.2653<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-09-23
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.11
\nBid-YTW : -2.31 %<\/td>\n<\/tr>\n

TRP.PR.A<\/td>\nFixedReset<\/td>\nQuote: 19.30 – 19.71
\nSpot Rate : 0.4100
\nAverage : 0.2910<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-08-24
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 4.47 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Some hilarity about account statements: Whether it\u2019s out of dread or complacency, a lot of investors aren\u2019t reading their account statements. That\u2019s the conclusion to be drawn from a J.D. Power survey in which investors …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-48695","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48695","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=48695"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48695\/revisions"}],"predecessor-version":[{"id":48696,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48695\/revisions\/48696"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}