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Stittsville123
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Re: CANADA & NEW USA are now live (old USA accessible in the beta server) Reply to this Post  Reply with Quote 

I wouldn't throw them out of the main universe but perhaps a Universe filter such as Universe(UN) would be a good idea. A separate universe would also be nice but not absolutely necessary.

Steve
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"A wealth manager is someone who is paid to watch you're wealth until it's all gone." - Author unknown


StockMarketStudent
Mar 28, 2014 11:06:49 AM Show Printable Version of Post     Link   Report threatening or abusive post: please login first   Go to top 
Stittsville123
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Re: CANADA & NEW USA are now live (old USA accessible in the beta server) Reply to this Post  Reply with Quote 

The correct terminology is "Income Trust". http://en.wikipedia.org/wiki/Income_trust
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"A wealth manager is someone who is paid to watch you're wealth until it's all gone." - Author unknown


StockMarketStudent
Mar 28, 2014 11:34:00 AM Show Printable Version of Post     Link   Report threatening or abusive post: please login first   Go to top 
Quantonomics
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Re: CANADA & NEW USA are now live (old USA accessible in the beta server) Reply to this Post  Reply with Quote 

Geov asked a good question: how are the gain and losses of a US hedge instrument handled inside a Canadian portfolio? Are they converted in Canadian dollars every time or the US dollar is mixed with the Canadian funds assuming a 1:1 rate? This brings again why a Canadian hedge is mandatory.
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:+:Quantonomics Small Cap Gems:+:
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Edit 1 times, last edit by Quantonomics at Mar 28, 2014 11:42:18 AM
Mar 28, 2014 11:39:49 AM Show Printable Version of Post     Link   Report threatening or abusive post: please login first   Go to top 
Tomyani
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Re: CANADA & NEW USA are now live (old USA accessible in the beta server) Reply to this Post  Reply with Quote 

Marco,

In addition to these Income trusts, gonna need a reliable way to identify companies that might be PFIC's for foreign investors. Possible flags could be very hi levels of 'passive income'...and 'passive assets' not sure if Compustat lets you guys screen for this?

See:
http://www.shapirotaxlaw.com/the-pfic-asset-test-a-trap-for-the-unwary/

And (for a flowchart):
http://www.shapirotaxlaw.com/wp-content/uploa...-asset-test-flowchart.pdf

Can you guys create reliable screens to exclude these from both the Canadian universe and from ADR's?

Best,
Tom
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"Simplicity is the ultimate sophistication" - Leonardo da Vinci
"The market can stay irrational longer than you can stay solvent" - John Maynard Keynes
Mar 28, 2014 11:42:34 AM Show Printable Version of Post     Link   Report threatening or abusive post: please login first   Go to top 
portfolio123
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Re: CANADA & NEW USA are now live (old USA accessible in the beta server) Reply to this Post  Reply with Quote 

Tom , do you have examples of PFIC's ?
Mar 28, 2014 1:14:26 PM Show Printable Version of Post     Link   Report threatening or abusive post: please login first   Go to top 
Tomyani
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Re: CANADA & NEW USA are now live (old USA accessible in the beta server) Reply to this Post  Reply with Quote 

A lot of small mining or oil companies are possibilities (own land or a mine...but not much operating income). But, some are big. See:

1. Fronteer Gold (since acquired), but was listed...and was (I think) a PFIC.
http://www.newmont.com/sites/default/files/u8...20April%206th,%202011.pdf

See also:
TICKER: FRG:TSX; FRG:NYSE.MKT

Other private company I found -
2. Pembrook mining co. http://www.pembrookmining.com/i/pdf/2012-02-15_PFICL.pdf. Still private. (They have $53 Million in assets, so not tiny). But, they have been ruled a PFIC. See also:
http://www.pembrookmining.com/i/pdf/FS/2013/Pembrook_FS_Q4_2013.pdf

However, the Harvard report I posted talks of someone inheriting a lot of these when her Dad died and having a tax nightmare.
http://isites.harvard.edu/fs/docs/icb.topic13...ngs/PFICs_Gone_Wild.1.pdf

These same issues can apply to ADR's.

3. Here's a tiny one. http://www.u3o8corp.com/docs/Investors/US%20S...%20FINAL_apr%201%2013.pdf. Ticker: U3O8 CORP (UWE.TO). They are too small to even look at. But, they were / are a PFIC.

Best,
Tom
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"Simplicity is the ultimate sophistication" - Leonardo da Vinci
"The market can stay irrational longer than you can stay solvent" - John Maynard Keynes
Mar 28, 2014 2:20:57 PM Show Printable Version of Post     Link   Report threatening or abusive post: please login first   Go to top 
portfolio123
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Re: CANADA & NEW USA are now live (old USA accessible in the beta server) Reply to this Post  Reply with Quote 

Sorry, looks like there's nothing in the data that identifies PFIC's
Mar 28, 2014 3:22:00 PM Show Printable Version of Post     Link   Report threatening or abusive post: please login first   Go to top 
DenisD47
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Re: CANADA & NEW USA are now live (old USA accessible in the beta server) Reply to this Post  Reply with Quote 

One weird thing that you might notice in backtests is .NV, .SV, .MV, .RV suffixes after some of the ticker symbols. This happened 9 or 10 years ago for a year or two. The suffixes described the voting characteristics of the shares. For example, .NV meant nonvoting. They weren't very popular and didn't last too long. But they might live on in the Compustat historical data.
Mar 28, 2014 9:35:52 PM Show Printable Version of Post     Link   Report threatening or abusive post: please login first   Go to top 
cameron
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Re: CANADA & NEW USA are now live (old USA accessible in the beta server) Reply to this Post  Reply with Quote 

Is it possible to add Canadian market ETF's for the portfolio(Hedge) backtest tool? And Canadian ETF's for the ETF simulator?
May 11, 2014 11:27:25 PM Show Printable Version of Post     Link   Report threatening or abusive post: please login first   Go to top 
aurelaurel
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Re: CANADA & NEW USA are now live (old USA accessible in the beta server) Reply to this Post  Reply with Quote 

Hi Marco,

I recall Europe data was in the pipeline as well. Any time schedule for this ?

Thanks,
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Aug 21, 2014 9:40:36 AM Show Printable Version of Post     Link   Report threatening or abusive post: please login first   Go to top 
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