Q: Hi, I have my own spreadsheet to split my portfolio by sectors. Where would you put Preferred shares? In the same sector as the issuer or in a special category? Cash/GIC, Mutual Funds and broad-sector ETFs have their own ‘columns’. Thanks again.
5i Research Answer:
There are a few ways of doing this, and no one way is the correct way. Preferred shares could be placed in its own category ("Preferred Shares"), separate from fixed income, ETFs, and equities. Or, it could also be placed in the 'financial' sector.