Go! Toronto, Ontario. Copyright © 2019 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™, the gold standard convertible debentures index in Canada! 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™ (March 2019 Review)
Hmmm, interesting March. Bond yields collapsed thanks to continued mediocre Canadian economic data, and the sudden realization that there is a possibility of easier monetary policy both here and south of the 49th parallel going forward. Furthermore, the Canadian equity market added to gains posted in January and February, albeit at a much slower pace. Convertible debentures moved slightly higher in this environment, and the Peanut Convertible Debentures Index™ added 0.35% in March. Year-to-date, the Peanut Convertible Debentures Index™ was up 4.64% to the end of March, outperforming the FTSE TMX Canada Convertible Bond Index™ by 0.41% 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 April is like for our favourite asset class, and then return to do another performance update post in about a month's time.
Until then, good luck with your convertible debenture (and other) investing.
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Thank you for reading The Canadian Convertible Debentures Project. As always, if you have any comments, questions, or feedback about convertible debentures and/or this blog, please leave us a comment at the bottom of the page or email us at convertibledebs@gmail.com. Note it may take us a few days to get back to you depending on our schedules.
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