Peanut Convertible Debentures Index™ (January 2019 Review)

If the weather is going to stay this cold in Canada, then I'm going to just keep posting pictures of faraway tropical beaches.  Kondoi Beach, Taketomi, Yaeyama Islands, Japan. Copyright © 2018 Felix Choo / dingobear photography.  Photo may not be reproduced without permission. 

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About a month ago, we rolled out the Peanut Convertible Debentures Index™, which we boldly predict will soon become the benchmark, gold standard Canadian convertible debentures index - if it hasn't already! 😉 For more background on the Peanut Convertible Debentures Index™, please click here. 

Important disclaimers: Like everything else on this website, content here is provided as information and opinions only and not intended to be a provision of investment advice or a recommendation of any investment action in any form. There is no guarantee, warranty, representation, or other assurance whatsoever on any of the information provided.  Information and opinions reflect our views as of the date provided, but may change without notice.  Investments made in convertible debentures are exposed to the risk of financial losses, and as with all disseminated information concerning investments, it is highly recommended that an individual consult with a qualified investment professional before making any investment decisions.



Peanut Convertible Debentures Index™ (January 2019 Review)

For most investors, January was a month characterized by strong performance.  Canadian equity markets rebounded strongly from the harrowing volatility and pessimism in the last quarter of 2018, and a suddenly dovish stance by North American central bankers caused bond yields to head lower, providing a bid for fixed income.

Obviously, this was clearly a supportive environment for Canadian convertible debentures, and the Peanut Convertible Debentures Index™ didn't disappoint, posting a solid 1.99% return in its inaugural month.  This performance edged out the the one-month return of the only other Canadian convertible debenture index we're even aware of, the (less fun, hehe) FTSE TMX Canada Convertible Bond Index™, by one basis point.

Please click on the table below to also see how the Peanut Convertible Debentures Index™ compared with two exchange-listed Canadian convertible debenture ETFs, the iShares Convertible Bond Index (ticker: CVD) and the First Asset Convertible Bond Index (CXF), as well as the FTSE TMX Canada Universe Bond Index™ and the S&P/TSX Capped Composite Index.  Pro tip: if you still find the table below too small to read after clicking on it, please download the PNG file, which then can be zoomed to a size that you prefer.

So, where do we go from here?  Well, first, we're going to keep tracking the performance of the Peanut Convertible Debentures Index™, and see how our homegrown index stacks up against the rest.  Who knows, perhaps one day we will get around to establishing our own ETF based on the Peanut Convertible Debentures Index™ (note to those of you with Bay Street firms that log in frequently to The Canadian Convertible Debentures Project: we see you! Maybe you ought to give us a call and pitch us an offer 😉).  Haha, just joking.  Or am I?

Of course, if you're a regular reader of this blog, you are probably already aware that we update the Peanut Convertible Debentures Index™ levels and daily percentage changes on a frequent basis in the dedicated widget on the right sidebar for desktop users and the Peanut Convertible Debentures Index™ page for both desktop and mobile users.  Keep watching this space, 'til next time ...
 

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