Daybreak over the Baie de Anges (Bay of Angels). Nice, France. Copyright © 2008 Felix Choo / dingobear photography. Picture available for licensing at Alamy Images. Photo may not be reproduced without permission.
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It's been a year since we introduced the Peanut Convertible Debentures Index™, your benchmark 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™ (December 2019 Review)
The Canadian stock market edged higher in December while Canadian universe bonds corrected somewhat. So happens, convertible debentures outperformed both asset classes. The Peanut Convertible Debentures Index™ climbed 1.42% higher during the month, and registered an impressive 13.44% return for calendar 2019. For the year, the Peanut Convertible Debentures Index™ exceeded the FTSE TMX Canada Convertible Bond Index™ by 355 basis points or 3.55%.
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 CI 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 simply 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 will try 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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