Golden Gate. San Francisco, California. Copyright © 2013 Felix Choo / dingobear photography. Photo may not be reproduced without permission.
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Back in January, we introduced the Peanut Convertible Debentures Index™, your new benchmark, gold standard Canadian convertible debentures index! For more background on the 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™ (February 2019 Review)
February followed on the heels of January and was proved positive for both Canadian equities and bonds. This was conducive for additional gains in convertible debentures, and the Peanut Convertible Debentures Index™ added another 2.25% during the month. Year-to-date, the Peanut Convertible Debentures Index™ was up 4.28% to the end of February, outperforming the FTSE TMX Canada Convertible Bond Index™by 0.42% over the same time period.
Please click on the table below to also see how performance for 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.
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. We'll see what March holds for our favourite asset class, and then return to do another performance update post in about a month's time.
Until then, happy convertible debenture investing!
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