Peanut Convertible Debentures Index™ (January 2020 Review)

The Japanese apartment. Shibuya, Tokyo, Japan. Copyright © 2018 Felix Choo / dingobear photography.  Picture available for licensing at Alamy Images. Visit my online store for prints at Fine Art America. Photo may not be reproduced without permission. 

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Here's your monthly review on the performance of the Peanut Convertible Debentures Index™, the leading (in our humble opinion!) 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™ (January 2020 Review)

January was a loaded month.  For instance, consider: assassination, impeachment, acquittal, pandemic, Brexit.  And through it all, both bonds and stocks surged higher.  Conventional wisdom suggests that both can't be right.  For bonds, how much lower can rates go?  (My take: I don't know, but it can definitely get lower than here.) For stocks, liquidity is everywhere and central banks are more accommodating than the Holiday Inn, can they continue to run?  (My take: well yes, because markets can be exuberant and irrationally so for extended periods, but let's not kid ourselves, valuations are extended for current fundamentals).  Bottom line: don't go chasing and emphasize quality and diversification.

In this environment, Canadian convertible debentures continued to run.  The Peanut Convertible Debentures Index™ stepped up 1.33% higher during the month, and is up 12.71% in the last 12 months.  The latter figure exceeds the return of FTSE TMX Canada Convertible Bond Index™ by 465 basis points or 4.65%.

The Peanut Index has also exceeded the return of the iShares Convertible Bond ETF (ticker: CVD) by 518 basis points and the CI First Asset Convertible Bond ETF (CXF) by 38 basis points over the last year. 

Please click on the table below for a more complete return comparison. 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 ... or, alternatively, you can try zooming in with your browser menu.

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.
 

Drop Us a Line, Drop Us a Dime

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. 

In addition, for media, sponsoring, and/or financial institution inquiries, please email us at convertibledebs@gmail.com.  We appreciate your interest!

If you enjoy reading this blog and have found it useful and valuable in your own investing in convertible debentures, we'd be humbled if you'd like to make a contribution to support us in our mission of making quality, independent, Canadian convertible debentures content freely available to all investors out there, big or small.

If you're interested in contributing, please click on the "donate" button below and follow the instructions.  Donations to this blog may be made by credit card or PayPal, and are processed by PayPal as a third-party on a secure platform; we don't ever see or access your credit card number.  We thank you for your continued support - we really appreciate it!

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Peanut Convertible Debentures Big Board (as at January 31, 2020)

A mother and child from the Flower H'mong ethnic minority share a moment at the chaotic Bac Ha Market in Bac Ha, Lao Cai Province, Vietnam.  Copyright © 2011 Felix Choo / dingobear photography.  Visit my online store for prints at Fine Art America. Photo may not be reproduced without permission. 

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Hi there. And, already, we're into the second month of 2020.  With coronavirus fears spreading like the virus itself, a slowing global economy, and ever-present geopolitical worries, this could prove to be a challenging February.  Stay diversified out there.  

This is the 24th update of the Peanut Convertible Debentures Big Board, with data current to January 31, 2020.  For previous versions of the Peanut Big Board, 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 and opinions 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.



A Few Words about the Peanut Convertible Debentures Big Board

For those of you new around here, the Peanut Convertible Debentures Big Board is our attempt at providing a larger list of convertible debentures.  The Peanut Big Board contains some of the same information you'll find in our popular Peanut Convertible Debentures Power Rankings, and this version covers 58 different convertible debenture issues.     

Note the Peanut Big Board is not a complete list of all Canadian convertible debentures, nor is it a replacement for the Peanut Power Rankings, which is more detailed and provides notes and a quantitative estimate of the relative value of the convertible debenture issues that are covered over there. We know that the Peanut Big Board isn't a perfect solution to those of you looking for a carbon copy of the list that used to reside on the pages of the Financial Post, but hopefully you will find utility in its publication here nevertheless.

Let's get to it.  For the Peanut Convertible Debentures Big Board, please click on the table below to read it larger.  If you still find it too small to read, please download the PNG file, which then can be zoomed to a size that you prefer.  

Given the amount of time, effort, and resources that go into maintaining this blog and some of the other key features such as the Peanut Power Rankings and the Peanut Convertible Debentures Index™, at this point it's difficult to commit to a regular schedule in updating the Peanut Big Board.  Since we've introduced it, we've updated it somewhat intermittently, getting to it when we can.  Hopefully you find this to be fair; check back regularly for new updates.  
 

Drop Us a Line, Drop Us a Dime

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. 

In addition, for media, sponsoring, advertising, and/or financial institution inquiries, please email us at convertibledebs@gmail.com.  We appreciate your interest!

If you enjoy reading this blog and have found it useful and valuable in your own investing in convertible debentures, we'd be humbled if you'd like to make a contribution to support us in our mission of making quality, independent, Canadian convertible debentures content freely available to all investors out there, big or small. We work hard to provide you with good quality information on convertible debentures that may be difficult to source elsewhere.

If you're interested in contributing, please click on the "donate" button below and follow the instructions.  Donations to this blog may be made by credit card or PayPal, and are processed by PayPal as a third-party on a secure platform; we don't ever see or access your credit card number.  We thank you for your continued support - we really appreciate it!

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