2022 Review Income stocks and trusts 2022 review
It's been an up and down year for income stocks and trusts in 2022. The indexes have returned mixed results, but our recommended income stocks and trusts have seen a total return of 6.5 per cent. Let's take a look at the categories and individual plays that made up the year.
Oil and Gas
Oil and gas stocks were the top performers, with a total return of 66.1 per cent. Enerplus Corp. (TSX—ERF; NYSE—ERF) performed the best of all, with a total return of 86.3 per cent. The strong performances were attributed to buoyant commodity prices.
Pipelines and midstream
These were the second-best performers, ending the year with an 8.3 per cent return. Pembina Pipeline Corp.'s (TSX—PPL; NYSE—PBA) total return was 25.3 per cent, but AltaGas Ltd. (TSX—ALA) detracted from the performance with an 8.7 per cent loss.
Business trusts
Business trusts saw a 5.5 per cent return and were led by Chemtrade Logistics Income Fund (TSX—CHE.UN), who profited from favorable end-markets.
Income funds
These funds, on the other hand, suffered a 6.6 per cent loss. Blue Ribbon Income Fund (TSX—RBN.UN) was down 4.6 per cent, and Purpose Multi-Asset Income Fund (TSX—PINC) lost 8.6 per cent.
Power generation stocks
Power generation stocks were second-last, with an average loss of eight per cent. Algonquin Power & Utilities Corp. (TSX—AQN; NYSE—AQN) was a big contributor to this, while Boralex Inc. (TSX—BLX) and Northland Power Inc. (TSX—NPI) delivered respectable performances.